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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.
Social Security benefits are adjusted annually to account for inflation in the previous year. For instance, retirees and other beneficiaries will receive a 2.5% cost-of-living adjustment (COLA) in ...
The percent increase then becomes the COLA in the following year. For instance, the CPI-W increased 2.5% in the third quarter of 2024, which means Social Security benefits will get a 2.5% COLA in ...
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.
The real bad news is that many of the costs that impact retirees more than younger Americans are rising more than the overall inflation rate. For example, hospital services costs soared 7.2% year ...
The Military Officers Association of America (MOAA) is a professional association of United States military officers. It is a nonprofit organization that advocates for a strong national defense, but is politically nonpartisan .
What will the COLA be for Social Security in 2025? The 2025 cost-of-living adjustment is forecast to come in at about 2.5% , according to the Senior Citizens League (TSCL), an advocacy group for ...