"Social Security 2025 COLA Update: Improved Forecast Amid Inflation Concerns"
TL;DR
The Senior Citizens League has slightly increased its 2025 Social Security cost-of-living adjustment (COLA) estimate to 2.66%, up from an earlier projection of 1.75%. While this is an improvement, it may still be disappointing compared to recent years' higher COLAs. The official COLA will be announced in October based on third-quarter inflation data. Seniors are advised to diversify their income sources to reduce reliance on Social Security.
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- Social Security COLA 2025: What Rhode Island Residents Can Expect Patch
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