“2025 Long-Term Inflation Forecast Predicts Lowest Social Security COLA Since 2020” – The 401(k) Specialist
Boston, MA – A recent long-term inflation forecast predicted that the Social Security cost-of-living adjustment (COLA) for 2025 will be the lowest since 2020. This forecast has raised concerns about the financial security of retirees and individuals relying on Social Security benefits. The impact of low COLA on retirement planning and budgeting is significant, as it affects the purchasing power of retirees and their ability to keep up with the rising cost of living. The …