Social Security COLA's 2025 Prospects: A Closer Look
Friday, 3 May 2024, 09:01
How Social Security COLAs are Calculated
Social Security COLAs are determined based on the Consumer Price Index data. Inflation trends directly impact the size of the annual raise for beneficiaries.
The 2025 Projection
Recent estimates hint at a 2.6% COLA for 2025, indicating a smaller increase than previous years.
Ensuring Financial Security
Instead of depending solely on Social Security, building personal savings can offer a more stable retirement income.
Save early, save consistently, and secure your financial future.
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.