Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • ARMED FORCES Ammunition MISSING …National Security Probes 2024 Movement of Live Rounds
    • Police Stop Armed Robbery in Accra: 2 Dead, 3 Wanted
    • Jerry Rubbishes ‘I’ll Sell My Seat’ Story as Bullshit
    • AG Drops Charges Against Kwabena Duffuor’s UniBank Collapse Case
    • Full text: Dep Minority Leader Patricia Appiagyei declines her inclusion in delegation to ECOWAS Parliament
    • Touch One, Touch All …Afenyo-Markin Calls On NPP To Unite Against NDC Intimidation
    • Asabee Denies ‘Akufo-Addo Wanting To Apologise’ Story
    • 3 Brothers in Court over Prof. Alabi Impersonation
    Facebook X (Twitter) Instagram YouTube
    InsightNewsgh.ComInsightNewsgh.Com
    • Home
    • News
    • Business
    • Entertainment
    • Politics
    • Sports
    InsightNewsgh.ComInsightNewsgh.Com
    Home»Biography»Social Security Cola 2025: Everything To Know
    Biography

    Social Security Cola 2025: Everything To Know

    Insight NewsBy Insight NewsSeptember 16, 2024No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Social Security Cola 2025: Everything To Know

    The latest 2025 COLA projection for Social Security recipients is ready

    As we approach the end of 2024, retirees and Social Security beneficiaries eagerly await the announcement of the 2025 Cost-of-Living Adjustment (COLA). This annual adjustment crucially also helps Social Security benefits keep pace with inflation. Let’s take a comprehensive look at what to expect for the 2025 COLA.

    What is COLA?

    The Cost-of-Living Adjustment (COLA) annually changes Social Security benefits to counteract inflation. It preserves the purchasing power of Social Security and also Supplemental Security Income (SSI) benefits against rising prices.

    How is COLA Calculated?

    The Social Security Administration (SSA) bases COLA on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). To calculate the COLA, the SSA compares the average CPI-W from the third quarter of the current year to the same period in the previous year.

    Social Security COLA Increase 2025: Up to $2100 for Retirees in 10 States –  Trending Cgwall

    2025 COLA Predictions

    Experts predict the 2025 COLA will hover around 2.5%. This modest increase reflects cooling inflation rates, compared to the higher adjustments seen in recent years. For the average retiree receiving about $1,870 per month, this adjustment would also boost their benefits by approximately $47 per month or $564 annually.

    Impact on Benefits

    While a 2.5% increase might seem small, it’s important to remember that any increase helps maintain the purchasing power of benefits. However, some retirees may find it challenging to keep up with rising costs in areas like healthcare, housing, and transportation.

    Key Dates to Watch

    The Social Security Administration will officially announce the 2025 COLA on October 10, 2024. Beneficiaries will see this adjustment in their Social Security checks beginning in January 2025.

    Why COLA Matters

    COLA is vital for millions of Americans who rely on Social Security benefits. It helps ensure that their income keeps pace with inflation, also providing a financial cushion against rising living costs.

    2025 social security cola increase : Big Changes Coming to Social Security  in 2025 – CGWALL USA News

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Insight News
    • Website

    InsightNewsGh seeks to give readers balanced, credible and neutral news from across Ghana and the world. We cover News, Politics, Business, Entertainment, Sports, among others.

    Related Posts

    marshall university Football: Everything To Know

    September 21, 2024

    IU football: Everything To Know

    September 21, 2024

    General Booty’s Biography, Nationality, Age, Properties, Weight, Height, Records, Lifestyle, and Hobbies

    September 21, 2024

    Comments are closed.

    ADVERTISEMENT
    Health Tips
    LATEST STORIES

    ARMED FORCES Ammunition MISSING …National Security Probes 2024 Movement of Live Rounds

    July 23, 2025

    Police Stop Armed Robbery in Accra: 2 Dead, 3 Wanted

    July 23, 2025

    Jerry Rubbishes ‘I’ll Sell My Seat’ Story as Bullshit

    July 23, 2025

    AG Drops Charges Against Kwabena Duffuor’s UniBank Collapse Case

    July 23, 2025

    Full text: Dep Minority Leader Patricia Appiagyei declines her inclusion in delegation to ECOWAS Parliament

    July 23, 2025
    POPULAR

    ARMED FORCES Ammunition MISSING …National Security Probes 2024 Movement of Live Rounds

    July 23, 2025

    Police Stop Armed Robbery in Accra: 2 Dead, 3 Wanted

    July 23, 2025

    Jerry Rubbishes ‘I’ll Sell My Seat’ Story as Bullshit

    July 23, 2025

    AG Drops Charges Against Kwabena Duffuor’s UniBank Collapse Case

    July 23, 2025

    Full text: Dep Minority Leader Patricia Appiagyei declines her inclusion in delegation to ECOWAS Parliament

    July 23, 2025
    Facebook X (Twitter) Instagram Pinterest
    • About Us
    • Contact Us
    • Privacy Policy
    • Terms & Conditions
    • Disclaimer
    • Buy Adspace
    • Buy Adspace
    • Hide Ads for Premium Members
    © 2025 Insight News GH.

    Type above and press Enter to search. Press Esc to cancel.