Each year, Social Security benefits get a cost-of-living adjustment (COLA) to help retired workers and other recipients keep up with rising prices. The Social Security Administration will announce the official 2025 COLA on Thursday, Oct. 10, shortly after the Labor Department publishes September inflation data.
Unfortunately, all evidence suggests the 2025 COLA will be a combination of bad news and worse news for Social Security recipients. Read on to learn more.
TSCL believes Social Security benefits have lost 20% of their purchasing power since 2010 because COLAs have failed to keep pace with inflation. The root cause of that problem is the CPI-W, and the situation will likely deteriorate further in 2025.
www.fool.com/retirement/2024/09/06/social-security-2025-cola-bad-worse-news-retirees/
h/t KeepIt
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