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In 2024, Social Security recipients saw their benefits rise by 3.2%. But inflation has cooled to a large degree in 2024, compared to 2023. Because of this, 2025's Social Security COLA isn't ...
The average Social Security benefit for retired workers was $1,920 in September 2024. That figure will increase $48 next year in the event of a 2.5% cost-of-living adjustment (COLA). However ...
Ways to cope with a smaller increase. Recent estimates are calling for a 2.5% Social Security COLA in 2025. But that number could shift if inflation picks up or slows down before September comes ...
September 28, 2024 at 3:00 AM. Legislation that would reform some aspects of Social Security is gaining steam in Congress. The measure, dubbed the Social Security Fairness Act, would do away with ...
The Social Security Administration (SSA) will announce the 2025 COLA on Oct. 10, 2024. That's the day the Bureau of Labor Statistics releases its inflation data for September. The CPI-W for ...
That means most workers will pay up to 6.2% of $168,600 in Social Security taxes this year, so they could owe as much as $10,453.20. The updated maximum taxable earnings limit for 2025 will not be ...
2. You still have an opportunity to make the most of this year's COLA. As we just discussed, the reason 2025's Social Security COLA estimate is coming in at 2.5% is due to slowing inflation. But ...
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 ...