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Looking at the history of Social Security COLAs, 2025 isn't so bad. ... The COLA for 2025 will be 2.5%, which is a big step down from the increases received for the last three years.
— The Social Security Administration has announced a 2.5% cost-of-living adjustment for recipients in 2025, the smallest such increase since 2021. On average, Social Security retirement benefits ...
Data Source: Social Security Administration. Table by author. 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 ...
If the number is lower than the previous year's, Social Security doesn't reduce monthly benefits -- they remain the same. For example, the average CPI-W for the third quarter of 2023 was 301.236 ...
It's fairly in line with the average COLA over the past 10 years. A 2.5% Social Security COLA might seem stingy compared to recent raises. Not only did benefits increase 3.2% at the start of 2024 ...
And the year prior, Social Security recipients got a record-breaking 8.7% COLA. So a raise of just 2.5% seems awfully meager by comparison. Making matters worse is that the cost of Medicare Part B ...
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.
Because of some inflation-related tweaks to the way Social Security is calculated and how past years' earnings are indexed for inflation, the maximum in 2025 will be $4,018 per month, or more than ...