2025's Social Security COLA Won't Be Terrible News
Social Security COLA 2025: Retirees Should Be Prepared for Bad News and More Bad News
In 2024, Social Security recipients received a 3.2% adjustment. The average retired worker benefit lands at roughly $1,900 per month, so that amounts to a raise of just over $60 per month. Unfortunately, retirees can expect some not-so-good news about the short- and long-term future of Social Security.
Social Security COLA could go up 2.5% in 2025, latest estimate shows
The actual cost-of-living adjustment for 2025 for Social Security benefits will be announced in mid-October. Early estimates show an average boost.
Social Security COLA trending toward lowest increase since 2021
The COLA has been up and down over the last few years as it was 3.2% in 2023, 8.7% in 2022, 5.9% in 2021 and 1.3% in 2020. The Social Security Administration is expected to announce the official COLA for 2025 in mid-October.
Prediction: 2025's Social Security COLA Won't Be Terrible News After All
Social Security COLAs are tied directly to inflation. Therefore, when one goes down, it indicates that the other is down, too. In other words, a smaller 2025 COLA means inflation has been cooling. If that trend continues, seniors on Social Security could gain buying power in the form of lower prices in stores and in general.
We're Still 3 Weeks Away From a 2025 Social Security COLA Announcement, But Here's What We Know So Far
Social Security COLAs are calculated based on changes to the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) from one year to the next during the third quarter of the year. Seeing as how we're not through with the month of September,
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