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Surprise! 2025 COLA Won’t Offset True Inflation - Yahoo! Finance
Inflation is an insidious thing – inexorably creeping prices for most everything we buy. And while there is often a lot of hoopla about how Cost of Living Adjustments (COLA) are designed to help seniors keep up with inflation, the fact of the matter is that seniors have, as this Yahoo! Finance article points out, lost about 36% of their buying power over the past two decades. That trend will likely continue, because when COLA is awarded, it gives us some added money after we’ve already suffered higher prices for many, many months. This article by Motley Fool’s Adam Levy, appearing at Yahoo!, identifies three reasons that retirees will likely be surprised by the 2025 Cost of Living Adjustment to their Social Security benefit. Click here to read more.