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Social Security recipients will get a 2.5% cost-of-living boost in 2025, smaller than in recent past

Social Security recipients will receive a 2.5% cost-of-living boost in 2025, which is less than previous increases, as stated in the article.
A survey found that 72% of seniors support changing the COLA calculation to better match their costs, according to the league.
Rising health care and housing costs make the 2.5% increase insufficient for seniors living on fixed incomes, as noted in the story.

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Reporter.net

+2 Reposted by 2 other sources

Social Security announces 2.5 percent benefit increase for 2025

5 months ago

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The Hill

What to know about the 2025 Social Security cost-of-living adjustment

The Social Security Administration this week announced a 2.5 percent cost-of-living adjustment (COLA) for this year, a more modest increase in the national retirement and benefits plan that reflects easing inflation in the economy. Last year, the increase was 3.2 percent. In 2022, the increase was 8.7 percent, and in 2021 the increase was 5.9 percent. Those numbers are calculated with a formula based on the Labor Department’s Consumer Price Inde…

5 months ago·Washington, United States

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Just the News

Social Security Administration announces 2.5 percent Cost Of Living Adjustment for 2025

Beneficiaries can expect to receive a notice about their adjusted payments in late December, and those registered with a personal "My Social Security" account will be able to view their notices online.

5 months ago·Washington, United States

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asianjournal.com

+3 Reposted by 3 other sources

Social Security Announces 2.5 Percent Benefit Increase for 2025

Social Security benefits and Supplemental Security Income (SSI) payments for more than 72.5 million Americans will increase 2.5 percent in 2025, the Social Security Administration announced today. On average, Social Security retirement benefits will increase by about $50 per month starting in January. Over the last decade the COLA increase has averaged about 2.6 percent.... The post Social Security Announces 2.5 Percent Benefit Increase for 2025…

5 months ago

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The Epoch Times

Bayer Must Pay $78 Million in Latest Roundup Cancer Trial, Jury Finds

Bayer must pay $78 million to a Pennsylvania man who said he got cancer from using the company’s Roundup weedkiller, a state court jury in Philadelphia found on Thursday. The verdict follows previous consecutive victories for Bayer in that court. The company had won 14 of the previous 20 trials over Roundup, though it has been hit with several massive verdicts in the litigation, including last November for $1.56 billion, later reduced to $611 mi…

5 months ago·New York, United States

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