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Image source: Getty Images. 1. 2.5% cost-of-living adjustment (COLA) The big Social Security news from the last couple of months has been the 2025 COLA, which came in at 2.5%.This is under the 3.2 ...
The government passed the Social Security Fairness Act last month, which will increase benefits for 3.2 million Americans. This mostly applies to former government workers, teachers, police ...
Image source: Getty Images. 1. Social Security benefits are rising by 2.5%. Each year, Social Security benefits are eligible for an automatic cost-of-living adjustment, or COLA.
Several Social Security changes set to take effect in January 2025 may surprise retirees. ... estimates benefits will increase 2.5% in 2025. Social Security recipients can use that figure to ...
The cap for taxable earnings will also be increased, from $160,200 this year to $176,100 in 2025. This will expand the range of incomes that are subject to taxes that fund Social Security and ...
This year’s 3.2% cost-of-living adjustment pushed the average Social Security retirement check to $1,864.52 a month as of March 2024, according to the Social Security Administration.
Image source: Getty Images. 1. Benefits are getting a 2.5% cost-of-living adjustment. In 2025, Social Security benefits are rising by 2.5%. And while that might seem like a relatively small raise ...
The Social Security Administration announced recently that seniors will get a 2.5% benefits increase for the 2025 year. That amounts to around $49 more in monthly benefits for the average retiree.