Increase: Social Security 2025 COLA Projection Shows 3% Uptick Amid Rising Inflation Stress
Albany, New York – Seniors receiving Social Security benefits may see a significant increase in their Cost of Living Adjustment (COLA) for the year 2025. A recent forecast suggests a potential 3% uptick in monthly payments, providing needed relief in the face of rising inflation. The COLA adjustments for Social Security benefits are determined annually based on the consumer price index for urban wage earners and clerical workers. The latest prediction for 2025 reflects a …