Sun. Dec 22nd, 2024

Social Security COLA for Seniors in 2025: Lowest Cost-of-Living Adjustment Since 1983

The Social Security Administration announced that seniors can expect a cost-of-living adjustment (COLA) of 2.8% for 2023. However, a new analysis shows that the COLA for 2025 is projected to be the lowest since 1983, with an estimated increase of only 1.1%. This means that seniors’ benefits will not keep pace with inflation, leaving many struggling to make ends meet.

By admin

Related Post