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The current Social Security COLA projection for 2025 is 2.63%, according to the Senior Citizens League. TSCL updated its 2025 COLA prediction based on June's CPI-W data, which came in at 3%. TSCL ...
Next year's COLA is shaping up to be much lower. Based on the most recent inflation data available, the nonpartisan Senior Citizens League projects that 2025's Social Security COLA will be 2.63% ...
The Social Security Administration can't calculate the official 2025 COLA until the Labor Department publishes the Consumer Price Index data for September. That will happen on Thursday, Oct. 10 ...
A lot can change in a short time that could impact the 2025 Social Security ... My guess is that retirees could be looking at a Social Security benefits increase close to 2.8% or 2.9% instead of 2 ...
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 ...
A 2.66 percent increase would raise the average Social Security payment for retired workers from $1,915.26 (as of April 2024) to $1,966.20 in 2025, an increase of $50.94. You’ll notice the COLA ...
About 40% of people who get Social Security must pay federal income taxes on their benefits, according to the Social Security Administration. If you file a federal tax return as an “individual ...
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 ...