Social Security & 2025 COLA – What Many Americans Might Experience for the First Time
Every year, seniors on Social Security get a cost-of-living adjustment, commonly known as COLA. These adjustments are an essential component of the program’s design because they need to maintain retirees’ buying power. Inflation drives up costs, and without corresponding increases in Social Security benefits, seniors on fixed incomes would find their purchasing power diminishing each … Read more
