Social Security Benefits Get a Cost-of-Living Adjustment (COLA) in 2025, and It's a Big Deal for Retirees
Social Security payments receive annual cost-of-living adjustments (COLAs) to protect the purchasing power of benefits from inflation. Americans have ranked inflation as their most pressing financial concern for three consecutive years,
What the cost-of-living adjustment increase in Social Security means
A 2.5% cost-of-living adjustment increase will mean an extra $50 a month for most Social Security and SSI recipients.
America Sees Drop in People Collecting Type of Social Security Benefit
Supplemental Security Income, or SSI, is a benefits program available to people with disabilities as well as older adults with little to no income.
2 Social Security Cost-of-Living Adjustment (COLA) Changes Retirees Really Want to See
The 2025 Social Security cost-of-living adjustment (COLA) came in at just 2.5%. That's well under the 3.2% retirees got last year and far less than what many were hoping for. The high inflation over the last few years has made it difficult for retirees to afford their basic expenses, and many fear this will only get worse in 2025.
Here's how much the average Social Security benefit will be in 2025
Take Social Security benefits. While some people will bring home the maximum payout each month, others will bring home the minimum. Somewhere in between is the average. 🚨Don’t Miss this amazing Black Friday Move!
Social Security benefits to increase 2.5% in 2025
Social Security benefits will increase by 2.5% in 2025, according to the annual cost-of-living adjustment (COLA). The average monthly Social Security benefit is set to rise from $1,927 to $1,976 once 2025’s COLA kicks in.
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