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The Social Security Administration set its 2025 cost-of-living adjustment at 2.5%, the smallest annual COLA hike since 2021. Although inflation has eased from its pandemic-era heights, some ...
Here's the big picture: While the 2.5% COLA in 2025 is the smallest increase in Social Security benefits in four years -- 3.2% in 2024, 8.7% in 2023, and 5.9% in 2022 -- that means prices across ...
With this change, employees will pay up to $10,918.20 in 2025, compared to $10,453.20 currently. The employer will pay the other $10,918.20. ... Social Security Announced a COLA Increase for 2025 ...
The most watched COLA update, of course, is the one that affects 67.7 million people, including roughly 53.2 million people age 65 and older. ... a 2.63% increase would put 2025's average monthly ...
But a 2.5% COLA for 2025 stings because it's the smallest one to arrive in years. At the start of 2024, seniors on Social Security saw their benefits increase by 3.2%. And the year prior, Social ...
In fact, next year's 2.5% bump is higher than the 2010's average COLA of 1.4%, and is similar to the average since 1983 (after the soaring inflation of the preceding decade). What it means for ...
The average monthly Social Security benefit is expected to rise from $1,927 to $1,976 once 2025's COLA takes effect. That's a $49 increase. But that doesn't mean you should automatically expect ...
Social Security's official 2025 COLA is 2.5%, which is quite a bit lower than the 3.2% COLA seniors received at the start of 2024. However, it's important to give that COLA some context.