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And the fact that the full-year CPI-W in 2024 increased more than the 2.5% COLA in 2025 is even worse news. It means Social Security will have a little less spending power this year. How retired ...
For instance, retirees and other beneficiaries will receive a 2.5% cost-of-living adjustment (COLA) in 2025 to account for rising prices in 2024. Unfortunately, that will be the smallest increase ...
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 good news about a smaller COLA This year's 2.5% COLA is the lowest since 2021, and it's substantially smaller than the 5.9% and 8.7% raises we saw in 2022 and 2023, respectively.
Next year’s Social Security cost-of-living adjustment (COLA) will likely be lower than the increase seniors enjoyed in 2024, according to new estimates, as inflation continues to abate.
Data source: Social Security Administration. As shown above, CPI-E inflation averaged 3.4% through the first eight months of 2024. That is three-tenths of a percent above the average CPI-W reading.
The 2025 COLA is the lowest since 2021 and down from 3.2% this year, mainly because of the nation’s falling inflation rate. Over the last decade, the COLA increase has averaged about 2.6% ...
Image source: Getty Images. Based on what we know so far, it's looking like 2025's Social Security COLA will be smaller than the raise seniors received at the start of 2024.