The cost of living adjustment (COLA), which determines how much Social Security benefits will increase year, is calculated by the Bureau of Labor Statistics. For the more than 70 million beneficiaries who depend on these benefits to pay for their everyday living expenses, it is crucial to learn more about this yearly increase. Gallup has … Read more
The Social Security Administration normally announces annual cost of living adjustments (COLAs) in mid-October, but one organization predicts they will be lower in 2025 than in previous years. On April 10, the Senior Citizens League, a nonpartisan senior citizens group, presented a 2.6% COLA estimate for 2025. The final figure, which is determined by the … Read more
Social Security COLA Increases: According to predictions, Social Security benefits may increase by 2.57% for the cost-of-living adjustment (COLA) in 2025. Some retirees who get an average payout of $1,480 may receive an additional $47 in 2025. Estimated COLA for 2025 According to the Detroit Free Press, current estimates indicate a 2.57% COLA hike in … Read more
