XML Financial Group Blog

2025 Social Security COLA

Written by XML Financial Group | Jul 17, 2024 11:30:00 AM

In 2025, retirees are likely to receive a smaller cost-of-living adjustment (COLA) compared to recent years. The official announcement will come in October, but early estimates suggest a COLA around 2.57%, lower than the increases of 3.2% in 2024, 8.7% in 2023, and 5.9% in 2022. The adjustment is based on changes in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) from the third quarter of the previous year to the current year. Despite uncertainties until October, current trends indicate a modest increase for retirees' benefits in 2025.

Click here to read the article.

 

This communication is for informational purposes only. No content or reference to a third-party article is intended to be a recommendation for the sale or investment in any product, strategy or service nor should it be perceived as individual advice. This commentary does not necessarily reflect the opinions of all employees or XML Financial Group and its affiliates (“XML”).  XML is not responsible for any actions taken related to this information.