Social Security Just Announced the 2025 COLA. Here's How It Compares to Recent Years
Social Security averages the CPI-W data for July, August, and September and compares it to the previous year's number. If the number is higher than the previous year's, the increase becomes the COLA. If the number is lower than the previous year's, Social Security doesn't reduce monthly benefits -- they remain the same.
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 difference in your finances, that's a problem. And so regardless of what next year's COLA amounts to, it's wise to consider the changes above if you're tired of worrying about money day in, day out.
The Social Security Administration has announced a 2.5% cost-of-living adjustment (COLA) to benefit checks starting in 2025. That's down from the 3.2% increase in 2024 and the smallest COLA ...
Social Security's 2025 cost-of-living adjustment (COLA) didn't come as a surprise to many who have been keeping an eye on the ...
With inflation figures falling, retirees can expect a 2.5% increase in 2025. Here's how planners are guiding clients through ...
The third round of SSI payments for October 2024 are on the way. Here's when to expect yours.
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