The Silver Lining in Social Security's 2025 Cost-of-Living Adjustment (COLA) Comes at a Steep Cost
Most retirees will soon discover that Social Security's fourth consecutive above-average COLA comes at a hefty price.
What to know about the Social Security cost-of-living adjustment and why it's less than last year
The annual Social Security and Medicare trustees report released in May said the program’s trust fund will be unable to pay full benefits beginning in 2035. If the trust fund is depleted, the government will be able to pay only 83% of scheduled benefits, the report said.
Crunching the numbers: Social Security COLA for 2025
As I’m sure you already heard, all 68 million Social Security beneficiaries’ checks are going up 2.5% in 2025. I always dread mentioning COLAs in this column because every single time I do, I am flooded with emails from readers complaining that the increase is not enough.
Prediction: Social Security's 2026 Cost-of-Living Adjustment (COLA) Will Make Dubious History
Since 2002, national pollster Gallup has conducted annual surveys to determine how reliant retirees are on the income they receive from America's top retirement program. These polls have shown that 80% to 90% of retirees, including 88% in April 2024, count on their Social Security check, to some degree, to make ends meet.
This 2025 Social Security COLA Phenomenon Hasn't Happened In Decades
In 2025, the COLA will be 2.5%, down from 3.2% in 2024 and 8.7% in 2023 and 5.9% in 2022. However, this string of four COLAs still tied a record.
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Australian grocer Woolworths flags lower earnings as cost-of-living pressures bite
Supermarket giant Woolworths on Wednesday said first-half earnings from its flagship Australian food division would fall and ...
10 US cities with the lowest cost of living, where things from buying a home to a grocery run are relatively affordable
Money goes farther on housing, groceries, and gas for residents of these cities, primarily smaller spots in the South and ...
Social Security's 2025 Cost-of-Living Adjustment (COLA) Is 2.5% -- but Here's Why 2026's COLA Could Be Even Smaller
While there's a chance that 2026's Social Security COLA will be smaller than 2025's, there's also a chance that it will be ...
Personnel Today1h
National living wage increase of 6.7% confirmed
A 6.7% hike in the national living wage for 2025 has been confirmed ahead of the Budget, while the national minimum wage ...
Opinion
Why You Can't Blame Kamala Harris for the Rising Cost of Living | Opinion
We Americans have suffered a painful increase in the cost of living. The campaign of former President Donald Trump and Sen. JD Vance (R-OH) blames the Biden-Harris administration for it.
countypress1h
Isle of Wight Council cost-of-living support approved
Cllr Debbie Andre, cabinet member for adult social care and public health, gave the go-ahead to a package of funding worth £1,131,576.08.
Living paycheck to paycheck is more common, even when the paycheck is higher
More households are living paycheck to paycheck, or spending all their income on essentials - Including 20% of families ...