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Social Security benefits lost buying power in 2025. The cost-of-living adjustment (COLA) ... One consequence is that the 2.5% COLA in 2025 underestimated full-year CPI-W inflation of 2.9% in 2024.
Here's the big picture: While the 2.5% COLA in 2025 is the smallest increase in Social Security benefits in four years -- 3.2% in 2024, 8.7% in 2023, and 5.9% in 2022 -- that means prices across ...
Where does the 2025 COLA rank? For the last 50 years, COLA increases have been determined by the CPI-W inflation rate. Previously, increases to benefits were decided by new legislation.
In the early morning hours of Oct. 10, the SSA lifted the hood on the 2025 COLA, ... As long as these critical costs for retirees are climbing at a rate faster than the 2025 COLA, it sets most ...
The Social Security Administration set its 2025 cost-of-living adjustment at 2.5%, the smallest annual COLA hike since 2021. Although inflation has eased from its pandemic-era heights, some ...
The projected 2025 COLA for Social Security is 2.5%, according to an emailed September 11 TSCL press release, resulting in another drop. That percentage is likely to change, but the concern is ...
Next year's COLA is shaping up to be much lower. Based on the most recent inflation data available, the nonpartisan Senior Citizens League projects that 2025's Social Security COLA will be 2.63%.
One thing retirees can appreciate about Social Security is the annual cost-of-living ... the 2025 COLA is below average and the lowest since the 1.3% COLA in 2021. The good news: The 2025 COLA ...