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The 8.7% COLA passed along in 2023 was the largest percentage increase in Social Security checks since 1982. 5. Social Security's 2025 COLA might do something no one has seen in roughly 30 years ...
For context, the average retired worker collects around $1,900 per month, as of June 2024. If the 2025 COLA does land at around 2.6% as is currently projected, that would only amount to around $49 ...
The current Social Security COLA projection for 2025 is 2.57%, according to the Senior Citizens League. TSCL updated its 2025 COLA prediction based on July's CPI-W data, which came in at 2.9% ...
The Senior Citizens League (TSCL), a nonprofit advocacy group, expects Social Security benefits to get a 2.6% cost-of-living adjustment (COLA) in 2025. That would mark the first time since 2021 ...
In 2023, retirees received a Social Security increase of 8.7%. It was the largest annual cost-of-living adjustment (COLA) in four decades. The Social Security benefit increase fell sharply in 2024 ...
Implications for beneficiaries this tax season. Because Social Security recipients received a high COLA of 8.7% in 2023, more beneficiaries are likely to be liable for federal income taxes on ...
My guess is that retirees could be looking at a Social Security benefits increase close to 2.8% or 2.9% instead of 2.6%. My prediction could be wrong, though. A lot can change in a short time.
The Social Security Administration will announce the 2025 cost-of-living adjustment (COLA) in mid-October. However, monthly inflation data can give a sneak peek at what's likely on the way. Based ...