From Nasdaq: 2025-06-29 04:48:00

July is a crucial month for Social Security beneficiaries as it will determine the Cost of Living Adjustment for 2025. COLAs are based on the Consumer Price Index, with data from July, August, and September influencing the raise calculation. The 2025 COLA will be announced in October after September data is published. The Senior Citizens League projects a 2.63% raise, but this could change based on July’s numbers. Understanding these calculations can help retirees anticipate their benefits for the upcoming year.

Additionally, maximizing Social Security benefits through little-known strategies could significantly boost retirement income by up to $22,924 per year. Learning these “Social Security secrets” could provide retirees with the confidence and peace of mind needed for a secure retirement.



Read more at Nasdaq: July Is an Important Month for Social Security. Here’s Why