Social Security's 2025 COLA Likely to Match 2024 Increase
Early estimates suggest a 3.2% cost-of-living adjustment, mirroring this year's rise amid persistent inflation.
- The Social Security Administration will announce the official 2025 COLA in October.
- Experts predict the 2025 COLA will be around 3.2%, similar to the 2024 increase.
- Inflation data from July to September 2024 will finalize the COLA calculation.
- Rising Medicare Part B premiums could offset the benefit increase for many recipients.
- High inflation continues to erode retirees' purchasing power despite the adjustments.