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Updated 2025 Social Security COLA estimate released

Posted on AllSides May 15th, 2024
From The Center

The cost of living adjustment (COLA) for retirement benefits may jump 3.2 percent in 2025, after April inflation data came in at 3.4 percent. The rate of price increases for last month ticked slightly lower from March's 3.5 percent. COLA is determined based on the dynamics of the consumer price index for urban wage earners and clerical workers, designed to help retirees get benefits that reflect the changes in the prices of goods and services in the economy. Mary Johnson, former Social Security and Medicare analyst for nonprofit Senior Citizens...

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