What the cost-of-living adjustment increase in Social Security means
A 2.5% cost-of-living adjustment increase will mean an extra $50 a month for most Social Security and SSI recipients.
2 Social Security Cost-of-Living Adjustment (COLA) Changes Retirees Really Want to See
The 2025 Social Security cost-of-living adjustment (COLA) came in at just 2.5%. That's well under the 3.2% retirees got last year and far less than what many were hoping for. The high inflation over the last few years has made it difficult for retirees to afford their basic expenses, and many fear this will only get worse in 2025.
I'm not counting on Social Security COLAs to carry me through retirement. Here's my plan.
With that as the backdrop, although I'm not retired yet, those days are on my radar. Here's what I'm planning to do, based on what I'm seeing now. Feel free to borrow my inflation-beating retirement strategies for yourself.
2 Big Social Security Changes Are Coming in 2025. Here's What to Expect.
Social Security has been around for nearly nine decades, but the program has had a major overhaul since then. And now its gearing up for some big changes in 2025 that could affect millions of people.
Spousal Social Security Benefits: 3 Things All Retired Couples Should Know
Retirement benefits may be the most well-known form of Social Security, but there are many different types of benefits available. Married couples could be entitled to extra money each month via spousal benefits.
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