Social Security Update: 2.5% Payment Increase for Millions in 2025
This year, around 72.5 million Social Security recipients are set to see their payments increase by 2.5%. This adjustment comes from the annual cost-of-living adjustment (COLA) designed to help beneficiaries keep up with rising expenses. Why the COLA Matters As prices rise due to inflation, the value of money decreases. This can make everyday essentials … Read more