What Will the 2025 Social Security COLA Be? New Insights from Recent Data
Tuesday, 30 April 2024, 08:41
Understanding Social Security COLA Impact
The Social Security cost-of-living adjustment (COLA) is a vital measure that benefits retirees and beneficiaries by maintaining purchasing power amidst inflation.
Recent Data Analysis
- The 2023 COLA was the highest in over four decades, signaling significant changes in adjustment percentages.
- The SSA uses the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) to calculate COLAs based on average values from specific quarters.
2025 Social Security COLA Forecast: Experts anticipate a 2.4% increase for 2025, contingent on forthcoming inflation data and economic conditions.
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.