Top 5 Social Security COLA questions for 2025 answered : What you need to know

Oct. 16, 2024 - Indian Defence Review

Let's explore the top five questions surrounding the Social Security COLA for 2025 and provide you with the essential information you need. Understanding the 2025 Social Security COLA announcementThe Social Security Administration (SSA) calculates the COLA based on third-quarter inflation data.

According to the current schedule, the Social Security Administration announces 2.5% COLA increase for 2025 benefit payments on October 10, 2024.

Projected COLA for 2025 : What to anticipateBased on available inflation data for July and August, experts are forecasting a 2.5% Social Security COLA for 2025.

Additionally, be aware of the Social Security COLA 2025 : Payments Scheduled Before the Annual Increase, which may affect your budgeting for the end of 2024 and early 2025...