The 2025 COLA for Social Security is expected to be modest at 2.5%, reflecting a decline in inflation compared to previous increments.
October 10 is a significant date for retirees as the Social Security Administration will announce the annual cost of living adjustment for the upcoming year.
Experts predict the COLA will be lower in 2025 than the recent 3.2% increase received in early 2024, marking the smallest adjustment in three years.
The anticipated 2.5% COLA is dependent on evolving inflation data, indicating current economic conditions continue to influence retiree benefits significantly.
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