Social Security 2025: We Know the COLA Number, But Here Is the Real Increase Next Year
Briefly

from 24/7 Wall St.4 months ago
The projected 2.5% COLA increase in 2025 will be the smallest in three years, disappointing seniors who anticipate adjustments to help cope with rising costs.
24/7 Wall St.https://247wallst.com/personal-finance/2024/09/27/social-security-2025-we-know-the-cola-number-but-here-is-the-real-increase-next-year/
Currently, two-thirds of American seniors depend on Social Security payments for over half their income, with 28% relying on them entirely, highlighting the significance of COLA adjustments.
24/7 Wall St.https://247wallst.com/personal-finance/2024/09/27/social-security-2025-we-know-the-cola-number-but-here-is-the-real-increase-next-year/
The annual increase in Social Security, the COLA, is determined by the CPI-W, with the 2025 figure set to align closely with the historical average despite rising costs.
24/7 Wall St.https://247wallst.com/personal-finance/2024/09/27/social-security-2025-we-know-the-cola-number-but-here-is-the-real-increase-next-year/
Upcoming Medicare premium increases will affect the actual benefit seniors receive, illustrating the tension between modest COLA hikes and rising healthcare expenses.
24/7 Wall St.https://247wallst.com/personal-finance/2024/09/27/social-security-2025-we-know-the-cola-number-but-here-is-the-real-increase-next-year/
Read at 24/7 Wall St.
#social-security #cola #medicare #seniors #inflation
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