The Social Security Cost-of-Living Adjustment (COLA) Forecast for 2025 Exposes a Flaw That May Shock Retirees
The Motley Fool
APRIL 28, 2024
Social Security benefits got a 3.2% cost-of-living adjustment (COLA) in 2024, a smaller raise than the historic 8.7% COLA doled out in 2023. Unfortunately, retired workers are on pace to get an even smaller pay bump of 2.6% in 2025, according to The Senior Citizens League, a non-profit advocacy group. What makes that steady decline surprising is that many seniors report facing financial hardships.
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