Things Which Are Going To Affect Social Security COLA In 2025 – Latest News
The 2025 Social Security COLA will depend largely on inflation trends in 2024. Factors such as energy prices, housing costs, and food prices will play key roles.
Social Security’s COLA
Social Security Announces Checks Will Change Again In October – No need of Cost-of-Living Adjustment in 2024
In 2024, Social Security beneficiaries will see a 3.2% Cost-of-Living Adjustment (COLA), a smaller increase than in previous years due to cooling inflation. This means an average $59 boost in monthly payments for retirees starting in January 2024. While this increase offers some relief, ongoing inflation in essential goods, like groceries and healthcare, may still challenge retirees’ budgets.
