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Social Security COLA for 2025
The 2025 Social Security COLA Is a Double-Edged Sword for Retirees. Here's What You Should Know
Inflation is particularly noticeable for people on fixed incomes, like many who receive Social Security. To help offset this, Social Security applies a COLA. For 2025, the COLA will be 2.5%, and while I'm sure retirees appreciate any increase in benefits, many aren't jumping for joy at the amount.
Crunching the numbers: Social Security COLA for 2025
As I’m sure you already heard, all 68 million Social Security beneficiaries’ checks are going up 2.5% in 2025. I always dread mentioning COLAs in this column because every single time I do, I am flooded with emails from readers complaining that the increase is not enough.
This 2025 Social Security COLA Phenomenon Hasn't Happened In Decades
In 2025, the COLA will be 2.5%, down from 3.2% in 2024 and 8.7% in 2023 and 5.9% in 2022. However, this string of four COLAs still tied a record.
Here's the Biggest Problem With Social Security's 2025 COLA
Technically speaking, a 2.5% Social Security COLA isn't terrible when you consider it's largely in line with the average raise over the past decade. Rather, the issue at hand is that seniors on Social Security typically lose buying power year after year regardless of what their COLAs actually amount to.
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Is Social Security income taxed? See if your benefits are subject to federal, state taxes
Retirees in these states should celebrate having no state taxes while also being aware of the federal tax implications.
Opinion
6h
on MSN
Opinion
The Social Security scandal Trump doesn’t want you to know about
Trump has not explained how he would keep Social Security solvent. Worse yet, according to a new analysis from the Committee ...
5h
on MSN
Living in One of These 41 States? Here's Good and Bad News About Social Security Taxes
Retirees in these states should celebrate having no state taxes while also being aware of the federal tax implications.
5h
on MSN
Social Security Is About To Reach Next Generation. Incoming Recipients Are Worried
The Social Security Administration (SSA) is facing depletion of its Old-Age, Survivors and Disability Insurance (OASDI) program trust funds. If a solution is not soon found, benefits could be cut by ...
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Social Security: It'll be harder to qualify for retirement benefits starting in 2025 — what to know
It will become slightly harder to qualify for Social Security benefits in retirement next year amid a change related to the ...
8h
on MSN
Prediction: Social Security's 2026 Cost-of-Living Adjustment (COLA) Will Make Dubious History
The history of the program's COLA is a tale of two halves. Between 1940 and 1975, adjustments were made on an arbitrary basis ...
1d
Social Security and Medicare: Where do Kamala Harris and Donald Trump stand?
How to address projected shortfalls for both the Social Security and Medicare trust funds will become an increasingly ...
1d
on MSN
Social Security update: First round of November payments worth $4,873 goes out in 18 days
The first round of November Social Security payments, worth up to $4,873 for the highest-income earners who retire at age 70, ...
Opinion
2d
Opinion
How Trump Could Bankrupt Social Security
One answer is that Trump’s plans would make the hole in Social Security’s finances much bigger while also weakening the ...
3d
Why your next Social Security COLA could change if Kamala Harris wins in November
Your future Social Security benefit increases could be affected by which candidate wins the upcoming presidential election.
1d
on MSN
Is Your Social Security at Risk? Upcoming Cuts Could Hit in 2034
New report finds former President Trump's proposed policies would accelerate Social Security insolvency, leading to larger ...
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