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Good News/Bad News on 2025 COLA Front

The number is watched, predicted, and important to millions of Americans. It’s the cost of living adjustment (COLA) that Social Security recipients will get in January 2025. What will it be? As Maurie Backman notes, it won’t be known until the official October announcement, once third quarter inflation data are in. The 2025 projection has dropped further from 2.66% to 2.57%. But that’s also good news, as a smaller COLA means inflation is easing; seniors shouldn’t panic if the final number comes in even lower. Full piece here.

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