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What will the COLA be for Social Security in 2025? The 2025 cost-of-living adjustment is forecast to come in ... Because inflation surged in 2022 and 2023, Social Security provided unusually large ...
Data source: Social Security Administration. As shown above, CPI-E inflation averaged 3.4% through the first eight months of 2024. That is three-tenths of a percent above the average CPI-W reading.
The current Social Security COLA projection for 2025 is 2.5%, according to the Senior Citizens League. TSCL updated its 2025 COLA prediction based on August's CPI-W data, which came in at 2.5%.
Following a decade of mostly anemic COLAs, beneficiaries enjoyed raises of 5.9% in 2022, 8.7% in 2023, and 3.2% in 2024. ... But as noted earlier, Social Security's 2025 COLA is a mixed bag.
In 2023, seniors on Social Security received a whopping 8.7% COLA-- the largest to arrive in decades. But this year's COLA was a relative disappointment at just 3.2%. A person holding a document ...
The COLA ran as low as 0.0% in 2010, 2011 and 2016, and as high as 8.7% in 2023. The Social Security Administration sets its yearly COLA based on inflation during the third quarter, or from July ...
How the 2025 COLA compares to recent adjustments. As of August 2024, the average Social Security recipient received a monthly benefit of $1,783.55. But the average retired worker did a bit better ...
Because Social Security recipients received a high COLA of 8.7% in 2023, more beneficiaries are likely to be liable for federal income taxes on their Social Security benefits for the first time ...