These ages will get the biggest Social Security 2025 COLA payments next year
Consider it like this: If the average retired worker benefit at age 70 is $2,068 per month, and Social Security's 2025 COLA is 2.5%, then the average 70 year old will receive an additional $51.70 per month next year. No other age group has a large baseline benefit, so no other group will receive a larger COLA.
Social Security COLA for 2025 predicted to be lower than 2024
Following the COVID-19 pandemic, the COLA has been higher in recent years, reaching a maximum of 8.7% in 2023. To keep pace with the Consumer Price Index, the adjustment for 2025 would have to reach a minimum of 2.5%. That’s the amount predicted by analysts.
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While the official cost of living adjustment increase will not be announced for about another week, projections show 2025's ...
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