Social Security Increase For 2025 Estimated Benefits

Social Security Increase For 2025 Estimated Benefits. A 2.5 percent increase would raise the average social security payment for retired workers from $1,920.48 (as of august 2024) to $1,968.49 in 2025, an increase of $48.01. Senate passed the social security fairness act, a bipartisan bill to eliminate reductions in social security benefits for millions of americans.


Social Security Increase For 2025 Estimated Benefits

This is the lowest cola increase since 2021. According to the ssa, the 2.5% increase will translate to an additional $49 for the average retiree, increasing the average monthly check from $1,927 to $1,976.

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