Disappointed in Your 2025 Social Security COLA? Here's Why You Shouldn't Be.
On Oct. 10, the Social Security Administration (SSA) dropped a bombshell by announcing that monthly benefits would be rising by 2.5% in 2025. That's a considerably lower cost-of-living adjustment, or COLA, than 2024's 3.2% increase. And it's also the smallest Social Security COLA to arrive since 2021 when benefits rose by just 1.3%.
What is the Social Security COLA for 2025? Why are some recipients getting 2 checks in November?
This double SSI check is due to Dec. 1 falling on a Sunday this year. Recipients, who usually receive their checks the first of the month, will get their November payment on Nov. 1, and their SSI payments for December will be distributed on Friday, Nov. 29, according to the SSA calendar.
Smaller Social Security COLA for 2025: What Retirees Need to Know
Each year, Social Security recipients receive a cost-of-living adjustment, or COLA, designed to help offset the impact of inflation on their benefits.
Disappointed by the Social Security COLA? There Could Be More Bad News Coming.
However, Social Security has consistently struggled to keep up with rising costs. In fact, inflation has outpaced the COLA in four of the last five years. The only year in which the COLA came out ahead of the inflation rate was 2023, which saw a record-breaking 8.7% COLA -- the highest adjustment in roughly 40 years.
Jill On Money: Social security alert — COLA 2025
With the 2025 COLA announcement, the average Social Security check for individual retirees will increase from $1,927 per month to $1,976
Several changes to Social Security benefits are coming in 2025. Here's what to know.
Americans can expect an adjustment in their Social Security benefits, as the federal administration plans to roll out several changes to the program starting early next year. Here's what to know about how the program will change starting early next year.
Here's How Much Your 2025 Social Security COLA Would Be If Kamala Harris Had Her Way
All Social Security recipients will soon receive a raise. On Oct. 10, 2024, the Social Security Administration (SSA) announced that benefits for more than 72.5 million people will increase by 2.5% in 2025.
Social Security October 2024: Have You Received Your Check Yet?
All Social Security checks have been sent out for the month of October, and no additional payments are scheduled to go out until November. If you still haven't received your check for the month of October,
3 Social Security COLA Dates To Know for 2025
The Social Security Administration (SSA) recently announced that beneficiaries will get a 2.5% cost-of-living adjustment (COLA) in 2025. The new adjustment will boost the average retirement check
3 Social Security Changes Retirees Need to Know About in 2025
But despite the fact that Social Security has been around for nearly a century, its rules tend to change from one year to the next. Here are three ways Social Security is changing
The Silver Lining in Social Security's 2025 Cost-of-Living Adjustment (COLA) Comes at a Steep Cost
Most retirees will soon discover that Social Security's fourth consecutive above-average COLA comes at a hefty price.
Why your next Social Security COLA could change if Kamala Harris wins in November
Your future Social Security benefit increases could be affected by which candidate wins the upcoming presidential election.
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What the New Social Security COLA Increase Means for You
Now that the 2025 COLA increase has been announced by the Social Security Administration, here's what you need to know.
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How the 2025 Social Security COLA compares to recent years
A recent survey from the Motley Fool shows 50% of retirees have considered going back to work to make ends meet.
Don't want to worry about a 2025 Social Security COLA? Here's what to do.
On October 10, the Social Security Administration will announce an official COLA for 2025. But if that number makes a huge ...