Social Security recipients are expected to see an increase in their monthly benefits next year and here’s what you need to know.
Social Security benefits will increase in 2025 with an update on how much claimants can receive scheduled for this fall. Here is what you need to know.The federal government is expected to release official numbers on the increase in October. Although the actual amount added to recipients' monthly checks won’t be known until the fall, Social Security statistics from 2024 suggest that beneficiaries could see an increase between 2.7% and 3.2%.
An annual cost-of-living adjustment or COLA is based on the percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers from the third quarter, July through September, of last year. A cost-of-living adjustment was determined for the third quarter of the current year, according to the Social Security Administration. RELATED: Social Security recipients to receive 3.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
COLA 2025 Social Security Increase Could Be a 30-Year-FirstAnalysts estimate that in 2025, the Social Security COLA is projected to be 2.7 percent.
Read more »
China's 2025 Tayron L hits the web, foreshadowing our 2025 TiguanA Chinese ministry published specs on the China-market Volkswagen Tayron L, a crossover expected here as the third-generation Tiguan in 2025.
Read more »
Fact check: Harris falsely claims Project 2025 blueprint calls for cutting Social SecurityFact check: Harris falsely claims Project 2025 blueprint calls for cutting Social Security
Read more »
Social Security increase: Latest COLA projections are out and it’s not good newsThe latest projection for 2025’s Social Security increase is out but is likely still bad news for million of recipients.
Read more »
The Social Security Fairness Act will help ensure financial security for many seniorsThe Social Security Fairness Act presents an opportunity to help retired public servants get the benefits they deserve.
Read more »
Brooklyn Nets' Finney-Smith, Johnson Likely to be Moved at 2025 Trade DeadlineIt's believed the two wings will be members of the opening day roster.
Read more »