Social Security 2025 Increase: Your Complete Guide

According to a well-known nonpartisan advocacy group, senior citizens' yearly COLA hikes in the US will drop by roughly 2%.

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Based on the Consumer Price Index (CPI) numbers for January that were issued on Tuesday, The Senior Citizens League (SSL) projects the 2025 Cost of Living Adjustm ent (COLA) to be 1.75 percent

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.Although the move isn't yet recognized, it will affect everyone who receives benefits from the Social Security Administration, which pays for pensions and other welfare expenses.

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The COLA, which is revised annually, is the rate at which Social Security benefits are modified in response to inflation.

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Its entire foundation is the % upward push of the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). In January, this was reportedly reported to be 2.9 percent.

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The basis for the accelerated COLA rate in 2025 will be the common payment of inflation for the 1/3 zone of this year, which is July, August, and September of 2024.

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