Here's the Largest COLA Social Security Has Ever Paid. 2025's Won't Be Anywhere Close
For seniors without much savings, Social Security can be a true financial lifeline. But because living costs have a way of rising from one year to the next, Social Security benefits are eligible for annual cost-of-living adjustments, or COLAs, to allow recipients to keep up with increasing expenses.
In 2024, Social Security benefits got a 3.2% COLA. For many seniors, though, that raise was disappointing, given that just a year earlier, they'd seen their benefits rise 8.7%.
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Source Fool.com