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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.
Here's the big picture: While the 2.5% COLA in 2025 is the smallest increase in Social Security benefits in four years -- 3.2% in 2024, 8.7% in 2023, and 5.9% in 2022 -- that means prices across ...
The bill could also jeopardize the Social Security fund overall, critics say. Sen. Thom Tillis, R-N.C., said the Social Security trust fund is less than 10 years away from being insolvent, and ...
At the start of 2024, seniors on Social Security saw their monthly benefits rise by 3.2%. And given that annual inflation has dipped below that level in recent months, the hope is that 2024's cost ...
While Social Security is designed to adjust benefits according to inflation and cost-of-living increases, smaller raises mean the program pays out less overall, which could extend its financial ...
The Social Security Administration has announced of a 2.5% cost-of-living adjustment (COLA) for 2025 -- that's lower than the 3.2% increase in 2024 and 8.7% increase in 2023. The smaller COLA ...
Even though Social Security's COLA is increasing benefits by 2.5% on a year-over-year basis, the Medicare Trustees Report expects monthly Part B premiums to rise by a little over $10 per month in ...
Senate Majority Chuck Schumer last week started the process for a final vote on the Social Security Fairness Act, which would eliminate two federal policies that keep a portion of Americans from ...