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.

Cooling Inflation Is a Good News/Bad News Situation for Social Security Recipients. Here's What to Expect in 2025.

TheMotleyFool

0 0

Cooling Inflation Is a Good News/Bad News Situation for Social Security Recipients. Here's What to Expect in 2025.: https://g.foolcdn.com/editorial/images/783284/older-worker-with-laptop-looking-at-documents-and-thinking.jpg

The June inflation report brought welcome news for savers: inflation actually dropped 0.1% compared to May. This is the first time this has happened since the start of the COVID-19 pandemic. It means (slightly) cheaper prices on essential goods and a little more breathing room in household budgets.

But it also creates a bit of a predicament for those on Social Security. We're still a few months out from an official 2025 cost-of-living adjustment (COLA) announcement, but here's what we can guess about it based on the latest inflation data.

Image source: Getty Images.

Source Fool.com

Like: 0

5f96ab7b-c6c0-40d4-b577-0f898c464078

Share