Title: Social Security COLA Increase for 2025 Could Be the Lowest in Four Years
Article Snip: "...Don’t expect a substantial cost of living amount (COLA) increase in your Social Security checks in 2025. The latest estimates put the COLA at 2.6%, according to the non-profit Senior Citizens League, down from 2.7% in July and 3.2% last year. The drop reflects the easing of inflationary pressures. ... While a lower inflation rate should lead to a smaller increase in prices, it does nothing to lower current prices for groceries, utilities or housing that many are struggling to meet. Changes to the COLA are based on the CPI-W, which is a measure of price changes for a selection of goods and services ..."
Reference: www.kiplinger.com