Goodbye to Social Security: Key Date for the 2025 COLA Increase
Over 71 million U.S. retirees, VA veterans, and disability beneficiaries are anxiously awaiting news of the 2025 Social Security Cost of Living Adjustment (COLA) increase. With inflation continuing to impact everyday expenses, the COLA is vital in helping retirees keep up with rising costs.
Predicted 2025 COLA Increase: 2.5%
Experts predict that the 2025 COLA will bring a 2.5% increase to Social Security payments. This estimate follows the 2024 increase of 3.2%, a figure the same experts accurately forecasted last year. Although this year's increase is expected to be lower, it still provides essential relief for millions of Americans who rely on Social Security as a primary source of income.
Official Announcement Date
The U.S. Government has set October 10, 2024, as the officia...