What to know in regards to the 2025 Social Safety cost-of-living adjustment

The Social Safety Administration this week introduced a 2.5-percent cost-of-living adjustment (COLA) for this yr, a extra modest enhance within the nationwide retirement and advantages plan that displays easing inflation within the financial system. Final yr, the rise was 3.2 %. In 2022, the rise was 8.7 % and in 2021 the rise was 5.9 %.…