COLA comes with bad news for retirees - The Motley Fool
The Social Security Administration announced on October 10th that the 2025 cost-of-living adjustment (COLA) will be 2.5 percent, which is lower than the 10-year average of 2.8 percent. Inflation has fallen; however, the prices of goods and services are still high. “Whether it’s a trip to the gas station, grocery store, or pharmacy, prices in the U.S. have increased noticeably in recent years, and that is particularly challenging for retirees living on fixed income sources,” said Deb Boyden, Head of U.S. Defined Contributions at Schroders.” Trevor Jennewine explains why the 2025 COLA has bad news and worse news for retirees. Read Mr. Jennewine’s article here…
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