2025 Social Security COLA Increase Projected to be Lowest in Recent Years Amidst Declining Inflation
As the countdown to 2025 begins, Social Security recipients are bracing for what is likely to be one of the smallest cost-of-living adjustments (COLA) in recent memory. Recent government data indicates that inflation is on a downward trend, prompting analysts to project a modest 2.6% increase for Social Security benefits next year. This figure represents the lowest adjustment since 2021, raising concerns among seniors who continue to grapple with rising living costs despite the easing inflation ...