Social Security's 2025 Cost-of-Living Adjustment: A Disappointment for Retirees
Sunday, 18 August 2024, 02:11
Social Security's 2025 COLA: What to Expect
The 2025 Cost-of-Living Adjustment (COLA) for Social Security is generating growing concerns among retirees. With inflation pressures persisting, many are wondering whether the CPI-W will sufficiently address their needs. This year marks nearly 50 years since the CPI-W was adopted, yet critics, including the TSCL, argue it's time for a reevaluation.
Impact of CPI-W on Retirees
- Historically, CPI-W has been a reliable metric for Social Security adjustments.
- Retirees are seeing their purchasing power erode amidst rising living costs.
- Advocates for change suggest exploring better alternatives to reflect actual cost increases.
Projected Outcomes and Reactions
As predictions unfold, many are left speculating on the potential outcomes of the 2025 COLA. Depending on economic conditions, retirees could face even harsher realities.
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.