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Headline : How much are Social Security payments increasing for Iowans in 2025? Heres what to know:

Read more from the original article on here at www.yahoo.com.





Tags : #much #social #security #payments #increasing #iowans #2025 #heres #know



No. of Paragraph 66

Hundreds of thousands of retirees and other beneficiaries in Iowa are set to see increases to their Social Security payments increase in 2025.

In October, the Social Security Administration announced it would increase benefits by 2.5% in 2025 as a cost of living allowance, or COLA.

On average, officials said, Social Security retirement benefits will increase by about $50 per month starting in January.

โ€œSocial Security benefits and SSI payments will increase in 2025, helping tens of millions of people keep up with expenses even as inflation has started to cool,โ€ Commissioner of Social Security Martin O'Malley said in an October release.

Read more from the original article on here at www.yahoo.com.


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