Millions of Social Security recipients will see a 2.5% increase in their monthly checks starting in January, reflecting a moderate adjustment to living costs.
Social Security Commissioner Martin O'Malley emphasized that the increase will assist tens of millions in coping with expenses as inflation stabilizes.
Sherri Myers, an 82-year-old retiree, struggles with rising grocery prices, indicating that the COLA increase may not sufficiently cover escalating costs of living.
The smaller increase for 2025 contrasts with larger adjustments in previous years due to 40-year-high inflation but acknowledges a cooling inflation trend.
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