The 2025 Social Security COLA Is a Double-Edged Sword for Retirees. Here's What You Should Know
Inflation is particularly noticeable for people on fixed incomes, like many who receive Social Security. To help offset this, Social Security applies a COLA. For 2025, the COLA will be 2.5%, and while I'm sure retirees appreciate any increase in benefits, many aren't jumping for joy at the amount.
Crunching the numbers: Social Security COLA for 2025
Yet here’s the rub: Many economists and social planners believe Social Security COLAs are too generous! (I have explained why in past columns, but don’t have the space to get into that argument today.) That’s why most discussions of long-range reform for Social Security include proposals to reduce cost-of-living increases.
Social security payments as high as $4,873 will soon go out in November. See when you can expect your benefits to arrive and ...
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Most retirees will soon discover that Social Security's fourth consecutive above-average COLA comes at a hefty price.
Your future Social Security benefit increases could be affected by which candidate wins the upcoming presidential election.
The Social Security Administration set its 2025 cost-of-living adjustment at 2.5%, the smallest annual COLA hike since 2021. Although inflation has eased from its pandemic-era heights, some ...
The 2025 adjustment shrank to 2.5% from 2024’s 3.2% increase, the Social Security Administration said on Oct. 10. This is the smallest rise since 2021. While the COLA is small, some recipients ...
Social Security announced changes that will affect the amount of money current and future retirees have next year.
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