Social Security $600 Annual COLA Increase, How the Additional Payment Works
The 2025 Cost-of-Living Adjustment (COLA) for Social Security will result in a 2.5% increase to benefits This annual adjustment helps beneficiaries keep up with inflation ensuring their purchasing power is not diminished. The COLA is based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) and aims to reflect the rising … Read more