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The Social Security Administration announced recently that seniors will get a 2.5% benefits increase for the 2025 year. That amounts to around $49 more in monthly benefits for the average retiree.
That knowledge gap could be problematic for anyone nearing retirement because most seniors depend on Social Security to some degree. In fact, monthly benefits are often the largest source of ...
Every year, the Social Security Administration, or SSA, examines inflation data and adjusts Social Security benefits accordingly. In short, the annual cost-of-living adjustment, or COLA, is ...
But as upset as seniors may be about a 2.5% COLA, there's a chance 2026's Social Security raise will be even lower. And that's something beneficiaries should gear up for now. Why the news may not ...
At the start of 2024, seniors on Social Security saw their benefits increase by 3.2%. And the year prior, Social Security recipients got a record-breaking 8.7% COLA.
A separate analysis from the Center on Budget and Policy Priorities found that the poverty rate for adults aged 65 and above would be nearly four times higher if Social Security didn't exist -- 10 ...
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