The increase in Social Security benefits next year will be pocket-size.
The Social Security Administration announced a 2.5% cost-of-living adjustment (COLA) for 2025. That’s down from 3.2% this year but in line with the 2.6% average over the past two decades.
Starting in January, the increase will add a little under $50 to the average monthly benefit of roughly $1,900, according to the SSA, providing some comfort to the more than 72 million retired senior citizens and disabled workers who have grappled with higher prices in recent years.
But millions will still struggle to make ends meet in retirement.
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finance.yahoo.com/news/social-security-benefits-will-increase-25-in-2025-140331612.html
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