Latest 2024 Cola Projection. At the start of 2023, seniors on social security saw their monthly benefits rise 8.7%. Thanks to the latest inflation data, social security beneficiaries are now projected to get a 2.63% raise for 2025.
Since the federal reserve appears to have made progress on the inflation. But as prices are cooling, seniors are likely to see a smaller bump this year.
That Estimate Is Up From The.
A cola of 3% — much less than this year's 8.7% increase — would raise the average monthly social security benefit from $1,789 to $1,842.70.
The Latest Projection For 2025’S Social Security Increase Is Out But Is Likely Still Bad News For Million Of Recipients.
Inflation is high but slowing down, which means social security recipients will.
Latest 2024 Cola Projection Images References :
At The Start Of 2023, Seniors On Social Security Saw Their Monthly Benefits Rise 8.7%.
But as prices are cooling, seniors are likely to see a smaller bump this year.
At The Start Of 2023, Seniors On Social Security Saw Their Monthly Benefits Rise 8.7%.
Thanks to the latest inflation data, social security beneficiaries are now projected to get a 2.63% raise for 2025.