Seniors may get smallest Social Security cost-of-living increase in years as consumers still face inflation pains
Briefly

from Fast Company2 weeks ago
The latest COLA forecast from The Senior Citizens League anticipates that Social Security payments will increase only 2.5% next year, a significant decrease from previous years.
Fast Companyhttps://www.fastcompany.com/91189167/social-security-cola-cost-of-living-adjustment-2025-increase-low-despite-inflation-pain
Ensuring that seniors have enough to feed and house themselves with dignity is a major reason why we advocate for a minimum COLA of 3%, said Shannon Benton, TSCL's executive director.
Fast Companyhttps://www.fastcompany.com/91189167/social-security-cola-cost-of-living-adjustment-2025-increase-low-despite-inflation-pain
Approximately two-thirds of seniors rely on Social Security for more than half their monthly income, and 28% depend on it entirely, according to TSCL research.
Fast Companyhttps://www.fastcompany.com/91189167/social-security-cola-cost-of-living-adjustment-2025-increase-low-despite-inflation-pain
Annual COLA adjustments are determined by averaging inflation data from the CPI-W during July, August, and September, with the announcement in October.
Fast Companyhttps://www.fastcompany.com/91189167/social-security-cola-cost-of-living-adjustment-2025-increase-low-despite-inflation-pain
Read at Fast Company
#social-security #inflation #cost-of-living-adjustment #seniors #economic-impact
[
]
[
|
]