Major Social Security Updates for 2025: What Beneficiaries Need to Know
TL;DR Summary
The Social Security Administration announced a 2.5% cost-of-living adjustment (COLA) for 2025, which is smaller than recent years' increases. While this modest raise may seem disappointing, it reflects cooling inflation, meaning retirees' buying power may remain stable. However, rising Medicare Part B premiums will offset some of the COLA benefits, reducing the net increase for many seniors.
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