There are still 3 weeks until the 2025 Social Security COLA is announced, but this is what we know so far
If you’re a retiree and rely on Social Security for a large portion of your retirement income, you may want to know how much your benefits will increase in 2025. Unfortunately, the Social Security Administration (SSA) isn’t ready to announce…
Social Security’s cost-of-living adjustment (COLA) forecast for 2025 was just updated. The bad news may come as a surprise to retirees.
Welfare recipients receive an annual cost-of-living adjustment (COLA) to protect the purchasing power of benefits from inflation. But the Senior Citizens League (TSCL), one of the largest nonprofit senior advocacy groups in the U.S., estimates that the purchasing power of…
Retirees in these 10 states will receive the smallest pay raises next year
Americans have ranked inflation as their biggest financial concern over the past three years, according to Gallup, so Social Security recipients are eager to hear details about the cost-of-living adjustment (COLA) that will be applied to their benefits in 2025….
There is good and less good news
If you’re one of those people who gets the majority of your retirement benefits from Social Security, you may be curious to see how big your raise will be in 2025. Unfortunately, you’ll have to wait a little while longer….
Social Security retirees expect the smallest pay increase in 4 years in 2025
The U.S. Bureau of Labor Statistics recently released inflation data for August. The numbers were roughly in line with expectations and continue to suggest that retirees can expect a smaller increase in their Social Security benefits in 2025 than in…
What is a Social Security COLA and how could it affect your retirement savings in 2025?
“Inflation is when you pay $15 for a $10 haircut that used to cost $5 when you had hair.” –– Former baseball player Sam Ewing This quote is amusing – and it is also instructive, because it is quite outdated…
