"Smaller Social Security COLA Expected in 2025 Due to Cooling Inflation"
TL;DR Summary
The Social Security Administration is expected to announce the smallest cost-of-living adjustment (COLA) since 2021 due to a decreasing inflation rate, with an estimated increase of 2.63% for 2025. This modest rise, around $50, will bring the average benefit to $1,907. Despite lower inflation, poverty and food insecurity among older Americans are rising, exacerbated by higher healthcare costs that are not fully accounted for in the COLA calculations. The official COLA will be announced in October, based on the average inflation rate from July through September.
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