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September 20, 2024 at 3:00 AM. Next month, the Social Security Administration (SSA) will be announcing the latest cost-of-living adjustment (COLA) for 2025. Beneficiaries have been receiving COLAs ...
The smallest COLA adjustment in four years. A mid-2% COLA may come as a surprise for many Social Security recipients after getting payout increases of 5.9% in 2022, 8.7% in 2023, and 3.2% last ...
Because of this, 2025's actual Social Security COLA could end up coming in higher or lower than 2.57%. And it's too soon to get too hung up on that number. Only once the Social Security ...
And the most recent projection puts 2025's raise at 2.5%. That's not the best news. Not only is a 2.5% raise pretty mild to begin with, but it's also the smallest COLA to arrive since 2021. In ...
In July, the nonpartisan Senior Citizens League projected that 2025's Social Security COLA would amount to 2.63%. But in light of July's inflation reading, the group has since revised its ...
Across the 10 states where retired-worker benefits will increase most substantially, the median raise would range from $50.60 per month to $54.60 per month if the COLA indeed lands at 2.6% ...
In 2024, Social Security recipients saw their benefits increase 3.2% from the previous year. And beneficiaries might be hoping for at least an equally large boost in 2025.
Seniors on Social Security should prepare for a smaller COLA in 2025. That could mean adjusting your spending to try to reduce expenses, or dabbling in the gig economy for extra cash. 2. A higher ...
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