The 2025 Social Security COLA Is a Double-Edged Sword for Retirees. Here's What You Should Know
Inflation is particularly noticeable for people on fixed incomes, like many who receive Social Security. To help offset this, Social Security applies a COLA. For 2025, the COLA will be 2.5%, and while I'm sure retirees appreciate any increase in benefits, many aren't jumping for joy at the amount.
Crunching the numbers: Social Security COLA for 2025
Yet here’s the rub: Many economists and social planners believe Social Security COLAs are too generous! (I have explained why in past columns, but don’t have the space to get into that argument today.) That’s why most discussions of long-range reform for Social Security include proposals to reduce cost-of-living increases.
1don MSN
Most retirees will soon discover that Social Security's fourth consecutive above-average COLA comes at a hefty price.
The Social Security Administration (SSA) has announced a 2.5% cost-of-living adjustment (COLA) for 2025, designed to counter inflation and rising living costs.
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