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Social Security’s cost-of-living adjustment will be 2.5% in 2025, down 22% from the 3.2% seen in 2024, the Social Security Administration said on Thursday. That makes next year’s COLA the ...

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Over the last decade, the cost of living adjustment (COLA) has increased by about 2.6%. The COLA was 3.2% in 2024. The Social Security COLA is based on the Consumer Price Index for Urban Wage ...

The Social Security Administration on Thursday announced that the cost-of-living adjustment (COLA) for 2025 will be 2.5%, the lowest since 2021. Social Security retirement benefits, on average ...

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Editor’s note: The conversation with Tymofiy Mylovanov was conducted in Ukrainian and was translated by the author. Some quotes were edited for length and clarity. Michael Onysko contributed to the ...