Each year, Social Security benefits are eligible for a cost-of-living adjustment, or COLA. COLAs are supposed to help recipients keep up with inflation so they don't fall behind as living costs ...
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 ...
Your Social Security benefits aren’t likely to cover all of your expenses in retirement, but a cost-of-living adjustment (COLA) can help offset some of the pain associated with inflation.
Oct. 10 was a big day for Social Security. Not only did the Social Security Administration (SSA) announce a cost-of-living adjustment (COLA), but it also shared details on a few other key changes ...
That makes next year’s COLA the lowest since 2021, when it was 1.3%. The COLA has averaged 2.6% over the last 20 years, according to the Senior Citizens League, a nonpartisan advocacy group ...