Social Security And Senior Citizens News

"Anticipating Social Security's 2025 COLA Increase: What Retirees Should Expect"

The estimate for Social Security's cost-of-living adjustment for 2025 has increased to 2.4% due to a rise in inflation, but seniors still feel financially strained as expenses for essential items like shelter, medical care, and transportation continue to outpace the overall inflation rate. The 2024 COLA increase did not fully offset rising expenses for seniors, and more Social Security recipients are now paying taxes on their benefits due to income thresholds not being adjusted for inflation since 1984.