Tuesday, January 28, 2025

What is the Cost-of-Living Adjustment (COLA) for 2025?

What is the Cost-of-Living Adjustment (COLA) for 2025?

The Social Security Administration (SSA) has announced a 2.5% COLA for 2025. This adjustment increases the average monthly retirement benefit from $1,927 to $1,976, providing beneficiaries with an additional $49 per month.

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