Social security benefits will rise by 2.5% in 2025, indicating lower inflation rates.

From Nasdaq.: 2024-10-12 04:46:00

Social Security benefits are set to rise by 2.5% in 2025, a smaller increase compared to previous years. While this may seem disappointing, it indicates that living costs are not rising as rapidly. The purpose of COLAs is to maintain buying power, not drastically change finances. To improve financial stability, consider options like joining the gig economy or downsizing. A smaller raise could benefit seniors by reflecting lower inflation rates. Understanding these factors can help retirees navigate their finances more effectively in the coming year.



Read more at Nasdaq.: 2025’s Social Security COLA Has a Huge Silver Lining for Retirees