Retirees relying on Social Security benefits can expect the lowest cost-of-living (COLA) increase since 2021. The latest COLA forecast is 2.5%, a slight decrease from last month’s estimate of 2. ...

Social Security benefits will arguably lose buying power next year because the 2.5% COLA understates inflation.

COLA is estimated at 3% next year ... (Here's more about the Social Security COLA increase for 2023.) The next COLA will be announced in October and be effective starting January 2024.

The Social Security Administration recently announced the 2025 cost-of-living-adjustment. This adjustment is supposed to help retirees maintain buying power even in the midst of inflation. Discover ...

But in 2025, Social Security benefits will be rising by only 2.5% due to cooling inflation. And while that's not a terrible ...

In December, SSI recipients will receive their payments a day early – Dec. 31 – because Jan. 1 is the New Year’s Day holiday.

The most direct and obvious effect of the new COLA is the increase in monthly benefits. If your monthly Social Security ...

2021: 1.3% 2022: 5.9% 2023: 8.7% 2024: 3.2% Benefits can stay static, though it's rare: Since being instituted in 1975, the COLA has only been 0% in 2009, 2010 and 2015. The Social Security ...

The COLA is tied to the rate of inflation. With 40-year highs in price increases, the 2023 Social Security COLA aims to help retirees continue to pay for higher living expenses. When including the ...

The latest estimates put the COLA at 2.6% ... base is the maximum amount of earnings subject to Social Security tax and was $168,600 in 2023. The COLA is determined by the inflation observed ...

Nearly 68 million Social Security beneficiaries will see the new COLA increase, effective January 2025. On average, a retired worker will receive an extra $50 per month, and the estimated average ...

correctly estimated in September that the COLA would be 2.5% for 2025, down from its July estimate of 2.57%. In 2023, the Social Security Administration indicated the COLA would increase by 3.2% ...