Social Security's 2025 COLA: Retirees in These 10 States Will Get the Biggest Raises Next Year
Social Security recipients get an annual cost-of-living adjustment (COLA) to protect the buying power of benefits from inflation. The Social Security Administration can't calculate the official 2025 COLA until the Labor Department publishes the Consumer Price Index data for September. That will happen on Thursday, Oct. 10, at 8:30 a.m. ET.
However, The Senior Citizens League, a nonprofit advocacy group, estimates that benefits will increase 2.6% next year. Should that estimate prove correct, it would be the smallest raise (as measured in percentage points) for retired workers since 2021. However, that hypothetical 2.6% COLA would translate into a bigger raise (as measured in dollars) for retired workers in certain states.
Read on to see the 10 states where retired workers will likely receive the largest COLAs in 2025.
Source Fool.com
