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What is the VA benefits COLA increase for 2025? Earlier this month, Congress passed a new law that ties veterans' benefits to Social Security's cost-of-living increase. Called the Veterans ...
In the early morning hours of Oct. 10, the SSA lifted the hood on the 2025 COLA, which offers something of a good news/bad news scenario for Social Security recipients in the upcoming year.
For this reason, it is often referred to as the 2025 COLA. As of the latest available data (November), the average retired worker receives a monthly Social Security benefit of $1,925.46.
The COLA applied to benefits in 2025 depends on the percent increase in the CPI-W during the third quarter of 2024, meaning the three months between July and September. ... as detailed in the ...
The 2025 COLA of 2.5% is lower than the 3.4% received this year and well below the 8.7% received in 2023. However, it's nearly in line with the average annual Social Security benefits increase in ...
Image source: Getty Images. Next year's raise may be considerably lower than 2024's. In 2024, Social Security recipients saw their benefits rise 3.2%. Next year's COLA is shaping up to be much ...
Social Security's 2025 cost-of-living-adjustment is a mixed bag for retirees.
As you can see above, COLAs have cooled off since the elevated inflation of the late 1970s and early 1980s, meaning the 2.5% increase for 2025 is more or less in line with historical norms ...