2025 Social Security COLA Estimate Rises to 2.4%, Seniors Concerned Over Sufficiency

Despite a slight increase in the COLA estimate, seniors worry it won't offset rising living costs, particularly in housing and healthcare.

The Senior Citizens League revised the 2025 Social Security COLA estimate to 2.4%, up from January's 1.75% prediction, due to recent inflation data.
Despite the increase, many seniors express concerns that the adjustment won't sufficiently cover rising costs in essential areas like housing and healthcare.
Inflation rates, particularly for goods and services crucial to seniors, continue to outpace the COLA adjustments, with shelter costs jumping 5.7% year-over-year.
The average Social Security check in 2024 was $1,907, highlighting the gap between benefits and the cost of living for many retirees.
Social Security taxation thresholds have not been adjusted for inflation since 1984, increasing the tax burden on beneficiaries.