Each year, Social Security beneficiaries eagerly await news about the Cost of Living Adjustment (COLA). For those on fixed incomes—where increases are tied to a set base amount rather than variable salary growth—any rise can offer relief, especially amidst lingering inflation and pandemic-related challenges. In 2024, inflation outpaced the COLA within the first half of … Read more
When the Social Security Administration (SSA) announced the 2025 cost-of-living adjustment (COLA) of 2.5% on October 10, it sparked concern among many beneficiaries. While the adjustment reflects a cooling inflation rate, the modest increase has left many retirees wondering how far their checks will stretch in the new year. Let’s break down the impact of … Read more
With the holiday season approaching, many retirees and public assistance recipients are planning how the 2025 cost-of-living adjustment (COLA) will impact their finances. Set to take effect in January, this annual adjustment helps Social Security benefits keep pace with inflation. However, with a modest increase this year, many beneficiaries are concerned about whether the COLA … Read more