The Anticipated 3.2% Rise in Social Security COLA for 2025

Wednesday, 15 May 2024, 13:32
The latest projections indicate that the Cost-of-Living Adjustment (COLA) for Social Security benefits in 2025 is expected to be 3.2%. This represents a potential increase from the average COLA of 2.6% observed over the past two decades, as reported by the Senior Citizens League. An upward adjustment of this magnitude may have significant implications for retirees and beneficiaries, potentially providing a welcome boost to their income amidst economic fluctuations and rising costs.
https://store.livarava.com/ce5396f3-12bf-11ef-a6c2-63e1980711b2.jpg
The Anticipated 3.2% Rise in Social Security COLA for 2025

Projected Social Security COLA for 2025: 3.2% Expected Increase

The Senior Citizens League recently reported that the anticipated Cost-of-Living Adjustment (COLA) for Social Security benefits in 2025 may reach 3.2%. This projection exceeds the average COLA of 2.6% recorded over the last two decades, indicating a potential improvement in benefits for retirees and beneficiaries.

Key Points:

  • Expectation: Social Security COLA for 2025 could see a significant rise to 3.2%.
  • Previous Trend: Over the past 20 years, the average COLA has been around 2.6%.

With the possibility of a higher COLA, retirees and beneficiaries may experience an increase in their income, offering financial relief in challenging economic times.

Do you want to advertise here? Contact us
Do you want to advertise here? Contact us
Newsletter

We carefully select news from the world of finance and publish it for our users. We understand the importance of reliable and up-to-date information for people in the financial world. Do you want to receive news in a convenient format and always have it at hand — subscribe to our newsletter and make your analytical work more effective.

Subscribe