While the inflation rate has been easing downward, retirees’ budgets are still being stretched pretty thin. Over the past few years, above-average inflation has meant significant Social Security cost-of-living adjustments. Will this trend continue? How big of a Social Security COLA will retirees get in 2025?
What Was The Social Security COLA For 2024?
The Social Security COLA for 2024 was 3.2%. While this SS COLA was much higher than most years, it was still far lower than the 2023 Social Security COLA.
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