Crunching the numbers: Social Security COLA for 2025
Yet here’s the rub: Many economists and social planners believe Social Security COLAs are too generous! (I have explained why in past columns, but don’t have the space to get into that argument today.) That’s why most discussions of long-range reform for Social Security include proposals to reduce cost-of-living increases.
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.
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The program is touted by the government as "one of the most successful anti-poverty programs" in American history.
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Your future Social Security benefit increases could be affected by which candidate wins the upcoming presidential election.
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Millions of Americans receive Social Security benefits and depending on where you live, the check might stretch a little more ...
Take 25% off the AARP Smart Driver online course! Help Register Login Login Hi, %{firstName}% Hi, %{firstName}% Games Car ...
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