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Consider it like this: If the average retired worker benefit at age 70 is $2,068 per month, and Social Security's 2025 COLA is 2.5%, then the average 70 year old will receive an additional $51.70 ...
Type of Beneficiary. December 2024 Average (Includes COLA) November 2024 Average (Before COLA) Monthly Difference. Retired workers. $1,975.34. $1,925.46
For example, while all Social Security recipients in New Jersey and Massachusetts will receive a 2.5% COLA next year, the median increase will be $52.50 per month for retirees in New Jersey (i.e ...
Whatever the official amount of the 2025 COLA is, it will bring both good news and bad news to retirees. The good news is that retirees' Social Security benefits will be higher beginning in ...
But let's get back to the CPI-W. Based on initial inflation data, the current 2025 Social Security COLA estimate is 2.63%. That's below the 3.2% boost retirees got at the start of 2024.
Here's an example: The median retired-worker benefit is $1,673 per month in Mississippi, the lowest in the United States, so a 2.5% COLA would add about $41.80 to the monthly payout.