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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 ...
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.
To qualify for Social Security as a retiree, you need to earn 40 work credits in your lifetime, at a maximum of four credits per year. In 2025, a single work credit is worth $1,810, up from $1,730 ...
3. Maximum Social Security benefit also set to increase. The maximum Social Security benefit for a worker retiring at full retirement age will increase from $3,822 in 2024 to $4,018 in 2025. This ...
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.
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 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 ...