06.01.2025 10:00:00

Social Security's 2025 COLA Took Effect in January, but It Comes With an Unpleasant Surprise for Retirees

Social Security's 2025 cost-of-living adjustment (COLA) took effect in January. Benefits will increase 2.5% this year, the smallest pay bump for seniors since 2021. Indeed, more than half of retired workers surveyed by The Motley Fool in October said the COLA was insufficient.However, the situation has worsened since then because inflation has reaccelerated since the COLA was calculated. Here's what that unpleasant surprise means for Social Security beneficiaries in 2025.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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