Next year's 2.5% Social Security COLA isn't so bad when you consider this
But when we look back at the data, it becomes clear that a 2.5% Social Security COLA isn't so terrible. In fact, it's a lot more generous than some of the COLAs beneficiaries have seen in the past. In 2024, Social Security benefits rose by 3.2%. The year prior, they increased by 8.7%. And in 2022, a 5.9% COLA came through.
Social Security benefits will arguably lose buying power next year because the 2.5% COLA understates inflation.
That's because in 2025, Medicare Part B premiums will rise more than twice as fast as Social Security's cost-of-living ...
Medicare Part B premiums are rising again in 2025. The jump outpaces both Social Security's 2025 COLA and inflation, further squeezing seniors.
Question: This is my first year on Social Security. Do I have to update any forms to get the COLA? I think this is a scam, ...
How is the cost of living adjustment (COLA) determined for my Social Security benefit? Robert 'Bob' Powell answers this question as part of Decoding Retirement's special segment, Ask Bob. Care Right ...
The IRS has announced the 2025 cost-of-living adjustments for retirement plan and health and welfare benefit plan limitations ...
Social Security is very popular with Americans. Large majorities of Democrats and Republican like the program and want it to ...
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