Social Security Benefits: What to Expect from the 2025 COLA Bump
Friday, 16 August 2024, 11:46
Understanding the Impact of Moderating Inflation on Social Security
The year 2025 brings potential changes to Social Security that retirees should be keenly aware of. Recent trends indicate that inflation is moderating, posing questions about the size of the Cost-of-Living Adjustment (COLA) for benefits. Crowdsourced data from The Senior Citizens League suggests that increases may not meet expectations.
Projected Changes in the 2025 COLA
- Inflation rates suggest a modest growth in benefits.
- Retirees need to prepare for potentially smaller adjustments.
Key Takeaways on Social Security
Monitoring inflation rates is critical for understanding how these adjustments affect your finances. Expect challenges as many retirees rely on benefits for day-to-day expenditures.
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.