The Social Security Cost-of-Living Adjustment (COLA) Forecast for 2025 Was Just Updated. There's Bad News in Store for Retirees.
Many retired workers have turned their attention to Social Security's 2025 cost-of-living adjustment (COLA), hoping the additional income will provide some measure of financial respite. But the Senior Citizens League recently revised its COLA forecast down to 2.5%, the smallest benefit increase for retired workers in four years.