Understanding the New Social Security Cost-of-Living Adjustment (COLA): A Comprehensive Guide for 2025 Beneficiaries
Each year, tens of millions of Americans who rely on Social Security benefits watch closely for updates on the cost-of-living adjustment—commonly known as COLA. These annual adjustments are meant to help benefits keep pace with rising prices. For more than 70 million people who receive Social Security retirement, disability, survivors’, or SSI payments, the COLA…