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Veterans Pay Raise Higher than Expected Social Security COLA Estimate for 2025 Climbs Again
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Veterans / Social Security COLA Estimate for 2025 Climbs Again to 3.2%
The Social Security cost-of-living adjustment, or COLA, for 2025 is likely to land between 2.66% and 3.2%, based on the latest consumer price index data, released Wednesday.
The 2024 cost-of-living adjustment for Social Security beneficiaries was 3.2%.
The April Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) rose 3.4% from 12 months ago. That’s slightly lower than the inflation trends indicated last month based on March inflation data. As a result, the 2025 COLA projection range has increased only marginally over the last month, according to separate estimates provided by the Senior Citizens League and the Social Security expert Mary Johnson.
Both sources caution that the final COLA for 2025 is likely to be different from their current estimates. This is because the COLA is calculated on the average rate of inflation during the third quarter, which is then compared against the third quarter a year ago
The Social Security cost-of-living adjustment, or COLA, for 2025 is likely to land between 2.66% and 3.2%, based on the latest consumer price index data, released Wednesday.
The 2024 cost-of-living adjustment for Social Security beneficiaries was 3.2%.
The April Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) rose 3.4% from 12 months ago. That’s slightly lower than the inflation trends indicated last month based on March inflation data. As a result, the 2025 COLA projection range has increased only marginally over the last month, according to separate estimates provided by the Senior Citizens League and the Social Security expert Mary Johnson.
Both sources caution that the final COLA for 2025 is likely to be different from their current estimates. This is because the COLA is calculated on the average rate of inflation during the third quarter, which is then compared against the third quarter a year ago
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