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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% ...
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%). Likewise, the ...
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% ...
August 11, 2024 at 2:45 AM. Two months. That's roughly how long retirees must wait for important news that impacts them financially. I'm referring, of course, to the mid-October announcement of ...
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 ...
1. It will likely be smaller than 2024's COLA. In 2024, Social Security recipients saw their benefits rise 3.2%. Based on what we know so far, it's looking like next year's raise won't be quite as ...
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 ...