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By now, all seniors on Social Security should have gotten their first checks for 2025. With the latest 2.5% cost-of-living adjustment (COLA) in effect, the average benefit has climbed to $1,976 ...
The COVID-19 pandemic led to the largest year-over-year increase in U.S. money supply, which in turn sent the prevailing rate of inflation soaring to a four-decade high. Following a decade of ...
Since 1975, there have been three years when the calculation resulted in a 0.0% COLA because there wasn’t an increase in the CPI-W: 2010, 2011 and 2016. What is the 2025 COLA prediction?
If we add the 2.5% projection to this, we get an extra $48, bringing the average check in 2025 to about $1,968. That's an extra $576 per year. What to do if the COLA doesn't go as far as you had hoped
Social Security's COLA represents the year-over-year percentage difference in average Q3 CPI-W readings, rounded to the nearest tenth of a percent. US Inflation Rate Chart
Data source: Social Security Administration. As shown above, CPI-E inflation averaged 3.4% through the first eight months of 2024. That is three-tenths of a percent above the average CPI-W reading.
The COLA for 2025 is the second straight year of more normal annual adjustments, following large increases seen in 2023 and 2022. The 2025 increase follows this year’s rise of 3.2 percent, which ...
It projects a benefits increase in 2025 of 2.5%. This prediction lines up with what independent Social Security and Medicare analyst Mary Johnson estimates next year's COLA will be.