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Economy

Social Security announces 2.5% COLA increase for 2025. Here’s what to know

By Elaine Mallon
Published
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The Social Security Administration announced it will be increasing benefits by 2.5% to account for cost-of-living adjustments in January 2025.

On average, this means that beneficiaries will see an extra $50 in their monthly benefits allotment. 

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Department of Labor Economy Finance Social Security Social Security Administration