2 big changes to Social Security were just announced for 2025
Oct 20, 2024 · The 2.5% COLA that Social Security recipients will get in 2025 will result in the typical retiree getting around $50 more per month in their payments.
Cost-of-Living Adjustment (COLA) Information | SSA
The 2.5 percent cost-of-living adjustment (COLA) will begin with benefits payable to nearly 68 million Social Security beneficiaries in January 2025. Increased payments to nearly 7.5 million SSI recipients will begin on December 31, 2024.
Social Security beneficiaries to soon receive notices revealing the ...
Nov 20, 2024 · In 2025, retirement benefits will increase by about $50 per month, on average, according to the Social Security Administration. That's due to the 2.5% annual cost-of-living adjustment. Notably,...
What to know about Social Security's December and January ... - CBS News
Dec 31, 2024 · Here's the schedule for when Social Security recipients will get their new 2025 COLA payments: Dec. 31: SSI beneficiaries will receive their new cost-of-living adjustment with this payment...
The Social Security 2025 COLA Is Here, and There's Good and Bad News …
6 days ago · The average retired worker collects around $1,925 per month from Social Security, so the 2.5% COLA will amount to a monthly raise of around $48. However, there's good news and not-so-good news ...
Press Release | Press Office | SSA - The United States Social Security ...
Nearly 68 million Social Security beneficiaries will see a 2.5 percent cost-of-living adjustment (COLA) beginning in January 2025. Increased payments to nearly 7.5 million people receiving SSI will begin on December 31, 2024. (Note: Some people …
Social Security Announces 2.5 Percent Benefit Increase for 2025
Oct 10, 2024 · Nearly 68 million Social Security beneficiaries will see a 2.5% COLA beginning in January 2025. Increased payments to nearly 7.5 million people receiving SSI will begin on December 31, 2024. (Note: Some people receive both Social Security benefits and SSI).
Social Security sets its 2025 COLA increase at 2.5%. Here's ... - CBS News
Oct 10, 2024 · The Social Security Administration set its 2025 cost-of-living adjustment at 2.5%, the smallest annual COLA hike since 2021. Although inflation has eased from its pandemic-era heights, some...
2025 SOCIAL SECURITY CHANGES . Cost-of-Living Adjustment (COLA): Based on the increase in the Consumer Price Index (CPI-W) from the third quarter of 2023 through the third quarter of 2024, Social Security and Supplemental Security Income (SSI) beneficiaries will receive a 2.5 percent COLA for 2025. Other important 2025 Social Security ...
Social Security is boosting benefits in 2024. Here's when ... - CBS News
Dec 19, 2023 · The nation's 72 million Social Security recipients are just days away from getting a boost to their monthly benefits. The 2024 cost-of-living adjustment, or COLA, has been set for a 3.2% bump...