Social Security Checks May Be Larger in 2025, Analyst Says

Published on March 15, 2024

Retired Americans receiving Social Security payments may see a higher-than-anticipated increase next year, a policy group predicted, citing higher-than-expected inflation for the start of 2024. The cost-of-living adjustment (COLA) for monthly payments could be 2.4 percent starting next year, an increase from a previous forecast, said the Senior Citizens League, a nonpartisan group representing retired people, according to several reports this week. “This is way early,” Mary Johnson, a policy analyst with the Senior Citizens League, told CNBC. “It will change multiple times since the COLA is on the average inflation in the third quarter of the year against the previous year.” She added: “A lot can happen between now and then.”...

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Port Jervis School District Proposes $96 Million Budget With Flat Tax Levy

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