Social Security Increase for 2025 Projected to Be 2.5 Percent, Lowest Rise Since 2021
‘Ensuring seniors have enough to feed and house themselves with dignity is a major reason why we advocate for a minimum COLA of 3,’ TSCL’s Shannon Benton said.Social Security beneficiaries may see a modest increase in their benefits next year, with The Senior Citizens League (TSCL) forecasting on Sept. 11 that the cost-of-living adjustment (COLA) for 2025 will be 2.5 percent, the lowest level since 2021.
Though the COLA has been higher in recent years due to record inflation—notably 8.7 percent in 2023 and 5.9 percent in 2022—TSCL’s forecast suggests a return to more typical levels of benefit adjustments.
The Social Security Administration (SSA) is set to announce the official COLA for 2025 in mid-October.
Read The Epoch Times
1 comment:
Americans are stupid if they think you can live on just the SS, you need to save too, in 2033 when it goes bust people will get 21% less too. Save, plan ahead, don't trust this government to fully support you.
Post a Comment