Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Are Retirees on Track for a Pleasant Surprise When It Comes to Their 2025 Cost-of-Living Adjustment? The Answer May Not Be What You Think

TheMotleyFool

0 0

Are Retirees on Track for a Pleasant Surprise When It Comes to Their 2025 Cost-of-Living Adjustment? The Answer May Not Be What You Think: https://g.foolcdn.com/editorial/images/775940/retired-couple-looking-at-financial-paperwork.jpg

Most years, retirees get a Social Security cost-of-living adjustment (COLA). This increases the amount of their monthly benefit. In January of this year, the Senior Citizens League (TSCL) projected retirees were on track for a 1.4% increase in 2025.

That estimate has changed, though. At first glance, it may seem that the shift in direction is a positive one for retirees. However, that may not actually be the reality. Here's why.

Image source: Getty Images.

Source Fool.com