Senior citizens will get only a small boost in Social Security benefits in 2025
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Social Security recipients will see their monthly payments inch up by only 2.5% next year, as the steady decline in inflation puts a damper on the program’s annual cost-of-living-adjustment, the Social Security Administration recently announced.
Retirees’ monthly payments will rise by about $50 to an estimated average of $1,976 starting in January. Nearly 68 million people receive Social Security payments.
The announcement comes less than a month before the presidential election, where the economy and high cost of living are key concerns for voters.
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Student at University of the Philippines Diliman
3 周Interesting
Experienced Representative @ Affordable Finds From Japan LLC | ISO Auditor
1 个月It’s a Good news for the senior citizens!
Manager Facilities Management (Retired) at Toronto Police Service. Advisor, Police Facilities,development, design & operations
1 个月It’s not just in the USA. Let’s face reality, us old folks may be around for one or two more election cycles while younger voters will be around for many more. So appeal & cater to the younger voters we will simply become a burden on them. Oh! that’s likely to piss off younger voters. Maybe the government should rethink their strategy. Perhaps the Republicans have the answer, do away with Social Security, out of sight out of mind. However, that would put even more strain on younger voters. Oh, I forgot after this election, if Mr. Trump wins, there won’t be anymore elections, so problem solved. That’s the, “Land of the free”.
proud citizen of the United States of America. Tried to take my photo at night and it looks like Solar Eclipse.
1 个月Added DONALD TRUMP - FAILURE IN BUSINESS today. One of articles in section is Trump's business acumen: We need to call it like it is https://www.dhirubhai.net/pulse/donald-trumps-incompetence-dealing-hurricane-puerto-rico-stremsky-3fuje/