SOCIAL SECURITY COST-OF-LIVING ADJUSTMENT MAY BE 2.6% IN 2025, NEW ESTIMATE FINDS
NEWS Desk Global
Even as new government inflation data shows inflation subsiding, many retirees are still struggling under the weight of higher costs. Next year's Social Security cost-of-living adjustment, or COLA, may not provide much relief. In 2025, the Social Security COLA may be 2.6%, according to Mary Johnson, an independent Social Security and Medicare policy analyst.
That's down from the 3.2% boost to benefits Americans saw in 2024. It's also substantially lower than the 8.7% COLA Social Security beneficiaries received in 2023, and the 5.9% increase for 2022. The prospective Social Security COLA for 2025 would be the lowest since 2021 but in line with the average cost-of-living adjustments for the past two decades, according to Johnson.
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