Essential 2025 Social Security Cost-of-Living Adjustment (COLA) Dates to Note
Monday, 23 September 2024, 06:05
Critical Dates for 2025 Social Security COLA
As we approach the 2025 financial landscape, it’s imperative to note the Social Security cost-of-living adjustment (COLA) dates. Recent forecasts indicate that the COLA might settle around 2.5%, a slight reduction from the previous year’s 3.2%. This adjustment plays a significant role in helping beneficiaries maintain their purchasing power.
Key Dates to Remember
- COLA Announcement: Watch for the announcement date, as it sets the tone for the adjustments.
- Implementation Date: Beneficiaries should be aware of when the new rates will take effect.
- Review Period: Take the time to review personal financial plans following the COLA changes.
By staying informed about these critical Social Security COLA dates, beneficiaries can strategically adjust their financial planning to mirror changes in their benefits.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.