Social Security Set to Announce 2025 COLA Increase

The anticipated adjustment aims to address inflation but may fall short of covering rising costs for retirees.

The Social Security Administration will announce the 2025 Cost of Living Adjustment (COLA) on October 10, with predictions suggesting a 2.5% increase.
The expected 2.5% COLA would be the smallest increase since 2021, reflecting a slowdown in inflation compared to previous years.
Experts warn that while the COLA aims to keep pace with inflation, it may not fully cover rising costs in areas like healthcare and housing.
The COLA adjustment will apply to various benefits, including retirement, survivor benefits, and Social Security Disability Insurance.
Veterans' benefits will also see a similar increase, as new legislation ties their adjustments to the Social Security COLA.