Expert Insights on the Future of Social Security COLA for 2025
Sunday, 19 May 2024, 06:43
2025 Social Security COLA Predictions
Don't bank on larger Social Security increases in future years. In 2023, retirees received a Social Security increase of 8.7%, the largest in four decades. The 2024 increase dropped to 3.2%. Now, experts estimate the 2025 COLA could range from 2.7% to 3.2%. Mary Johnson predicts a 3.2% increase.
Why Social Security Trustees Predict Lower COLAs
The Social Security Trustees project moderate COLAs through 2033, with estimates ranging from 1.8% to 3%. TSCL's lower 2025 estimate could still be the highest for a while based on these projections.
- Low expectancy rates may lead to lower future COLAs.
- 2025 estimates hint at a biggest increase in years.
- Prepare for potential variability in COLA predictions.
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.