As inflation continues to affect the cost of living in the United States, Social Security benefits are set to rise in 2025 due to the Cost of Living Adjustment (COLA).
This ongoing inflation makes the anticipated COLA for 2025 particularly relevant for millions of Americans who rely on these benefits.
Projected COLA for 2025Though the exact COLA for 2025 has not been officially announced, estimates suggest that it may reach around 2.5%.
The official announcement for the 2025 COLA is expected to come around October 15, 2024.
However, it is essential to note that these figures are estimates, and the actual amounts will depend on the official COLA announcement.
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