Worried about a 2025 COLA? This is the smallest cost-of-living adjustment Social Security ever paid.
Worried about a 2025 COLA? This is the smallest cost-of-living adjustment Social Security ever paid.
Social Security's raises aren't always much to write home about.
If you've been keeping tabs on Social Security, you may be aware that recipients got a 3.2% boost to their benefits at the start of 2024. But given that 2023's cost-of-living adjustment, or COLA, came in at 8.7%, that 3.2% raise read like a disappointment for a lot of seniors.
Meanwhile, based on inflation readings …