2025's Social Security COLA Won't Be Terrible News
Social Security COLA 2025: Retirees Should Be Prepared for Bad News and More Bad News
In 2024, Social Security recipients received a 3.2% adjustment. The average retired worker benefit lands at roughly $1,900 per month, so that amounts to a raise of just over $60 per month. Unfortunately, retirees can expect some not-so-good news about the short- and long-term future of Social Security.
When will the Social Security cost-of-living adjustment (COLA) be announced and how much will the increase be?
The COLA represents an increase in Social Security payments. Here is the date on which it will be announced and how much the increase will be in 2025.
Social Security COLA increase: How much more might recipients get in 2025?
Social Security recipients received a 3.2% COLA in 2024, a significant decrease from the 8.7% COLA in 2023, which was the largest increase in four decades. For 2025, using current inflation data from the Consumer Price Index, it’s estimated there will be a 2.5% COLA in 2025, according to The Senior Citizens League (TSCL).
The Social Security Cost-of-Living Adjustment (COLA) Forecast for 2025 Was Just Updated. The Bad News May Surprise Retirees.
S ocial Security recipients get an annual cost-of-living adjustment (COLA) to protect the buying power of benefits from inflation. But The Senior Citizens League (TSCL), one of th
Social Security COLA could go up 2.5% in 2025, latest estimate shows
The actual cost-of-living adjustment for 2025 for Social Security benefits will be announced in mid-October. Early estimates show an average boost.
We're Still 3 Weeks Away From a 2025 Social Security COLA Announcement, But Here's What We Know So Far
Social Security COLAs are calculated based on changes to the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) from one year to the next during the third quarter of the year. Seeing as how we're not through with the month of September,
Prediction: 2025's Social Security COLA Won't Be Terrible News After All
That number isn't set in stone, and a lower COLA could translate to lower costs for everyday expenses. There's still time for that number to improve. Even if it doesn't, things may not be so bad. Millions of older Americans rely on their monthly Social Security benefits to make ends meet.
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