Social Security 2025: Historic Milestones and Significant COLA Changes Ahead
TL;DR Summary
Social Security beneficiaries are set to receive a 2.5% cost-of-living adjustment (COLA) in 2025, the smallest increase since 2021 and below the 10-year average. This adjustment may not fully compensate for inflation, as recent data shows inflation reaccelerating, potentially reducing retirees' purchasing power. Retirees are advised to explore options like high-yield savings accounts or stock market investments to supplement their income.
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