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The Social Security 2024 COLA increase was a disappointment for many retirees. As of now, the Social Security COLA projection for 2025 is a drop compared to the 2024 COLA, which could feel like a ...
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% ...
There's a simple reason I think the actual 2025 Social Security COLA will be higher than current estimates. I suspect inflation will increase in Q3 enough to bump the COLA above the projected 2.6% ...
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 ...
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 ...
But let's get back to the CPI-W. Based on initial inflation data, the current 2025 Social Security COLA estimate is 2.63%. That's below the 3.2% boost retirees got at the start of 2024. However, a ...
For instance, assuming the 2025 COLA is 2.6%, the median retired worker in New Jersey can expect an additional $54.60 in monthly benefits next year (i.e., $2,100 multiplied by 2.6%).
In 2023, seniors on Social Security received a whopping 8.7% COLA-- the largest to arrive in decades. But this year's COLA was a relative disappointment at just 3.2%. A person holding a document ...