"2025 Social Security COLA Increase Surpasses Expectations"

Social Security recipients are projected to receive a 3% cost-of-living adjustment next year, higher than expected due to accelerating inflation. This increase, if realized, would be a decline from recent years but still higher than the average over the past two decades. Many retirees are struggling to keep up with high inflation, with the typical household needing to pay significantly more for goods and services compared to previous years. Inflation has created financial pressures for U.S. households, particularly impacting low-income Americans, and while it has fallen from its peak, many families have yet to see relief.