Social Security's Big 2025 COLA Announcement Is Just 10 Days Away. Here's What to Expect.
If you're among the millions of Americans who rely on Social Security to make ends meet, then you may be eager to find out what your 2025 cost-of-living adjustment (COLA) will amount to. At the start of 2024, Social Security recipients saw their benefits rise by 3.2%. And you may be wondering if you can expect a similar boost in the new year.
Mark your calendars: 3 Social Security COLA dates to know for 2025
Technically, the Social Security Administration will apply the 2025 COLA to your December 2024 payment. But since you receive Social Security checks in the month after the month they're due, you won't get your first payment with the COLA until January 2025. The exact date depends on the day of the month you were born, as follows:
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The 2025 Social Security cost-of-living adjustment (COLA) will be announced in October. Here's what that means for retirees. The Social Security COLA is an annual adjustment in benefits ...
Your Social Security benefits aren’t likely to cover all of your expenses in retirement, but a cost-of-living adjustment (COLA) can help offset some of the pain associated with inflation.
A smaller COLA is likely in store. At the start of 2024, Social Security benefits got a 3.2% COLA. Next year's raise is ...
While the official cost of living adjustment increase will not be announced for about another week, projections show 2025's ...
In case you missed it, here's what Retirement Daily published on Medicare and Social Security this week, and more.
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