The Social Security Administration (SSA) adjusts their monthly payments to seniors once per year, each October. The so-called COLA, or cost of living adjustment, made to these payments is based on CPI inflation data on the fiscal third quarter.
A number of top market experts, including analyst Mary Johnson, a 2.5% rise in social security benefits for 2025. This increase will follow a 3.2% adjustment seniors saw last year.
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