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Though a 2.5% cost-of-living adjustment is just two months away, it's unlikely many beneficiaries will feel the full effect of this increase. The $ 22,924 Social Security bonus most retirees ...
With inflation improving, the nonpartisan Senior Citizens League (TSCL) projects the Social Security COLA for 2025 at 2.5% as of September, revised from its higher prediction of 2.57% in August.
In contrast, the 2023 adjustment was a substantial 8.7% to account for high inflation in 2022. Here are some other things you should know about Social Security in 2025 .
Consumer prices rose 8.5% in July over the previous year, leaving many retirees and pre-retirees wondering how inflation impacts retirement savings. They have a right to worry. After all, living ...
Continue reading → The post How Inflation Affects Your Retirement Plan and Savings appeared first on SmartAsset Blog. Since the mid-1990s, inflation has stayed very close to the Federal Reserve ...
A lot goes into figuring out how much money you need to retire. In the end, the amount you need to retire depends as much on the amount you spend as it does on the amount you have saved.