Search results
Results from the Tech24 Deals Content Network
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 ...
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% ...
A 2.6 percent increase would raise the average Social Security payment for retired workers from $1,918.28 (as of June 2024) to $1,968.15 in 2025, an increase of $49.87. You’ll notice the COLA ...
Seniors on Social Security should prepare for a smaller COLA in 2025. That could mean adjusting your spending to try to reduce expenses, or dabbling in the gig economy for extra cash. 2. A higher ...
Under the 1983 amendments to Social Security, a previously enacted increase in the payroll tax rate was accelerated, additional employees were added to the system, the full-benefit retirement age was slowly increased, and up to one-half of the value of the Social Security benefit was made potentially taxable income. [67] [68]
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 ...
The report also revealed that in order to maintain the same buying power as in 2000, current beneficiaries would need an extra $516.70 per month. For context, the average retired worker collects ...
Social Security recipients get an annual cost-of-living adjustment (COLA) to protect the buying power of benefits from inflation. The Social Security Administration can't calculate the official ...