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Image source: Getty Images. 1. A new COLA will (slightly) increase your checks. The COLA for 2025 will be 2.5%, which is the lowest adjustment since 2021.
Social Security might seem like a staid, never-changing government benefits program, but the reality is that certain details about Social Security change nearly every year. In 2021, some major ...
There has been no increase of 6% or more since 1983 -- except for 2022, which featured an 8.7% hike. ... The average monthly Social Security retirement benefit was only $1,913 as of March ...
Data source: Social Security Administration. 3. You can earn more while claiming benefits early without getting penalized. Many people continue to work or earn money even after claiming Social ...
Since 1975, Social Security beneficiaries have received annual cost-of-living adjustments (COLAs) tied to a subset of the Consumer Price Index known as the CPI-W, which tracks the price of goods ...
The COLA increase of 2.5% put into place for 2025 is based on 2024's price increases, translating into (roughly) a monthly payment increase of $50 for the average recipient. 2. Not everyone's is ...
As expected, Social Security recipients will be getting a 3.2% cost-of-living adjustment (COLA) in 2024 -- the lowest COLA since 2021, and well below this year's 8.7% adjustment. The Social ...
Starting in January 2025, Social Security beneficiaries will see a 2.5% cost-of-living adjustment (COLA), marking the smallest increase since 2021. This modest adjustment reflects a positive ...