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The Senior Residents League estimates the Social Safety cost-of-living adjustment, or COLA, for 2025 is more likely to be 1.75%, primarily based on the newest shopper worth index knowledge, launched Tuesday.
The 2024 cost-of-living adjustment for Social Safety beneficiaries is 3.2%.
The January Client Worth Index for City Wage Earners and Clerical Staff (CPI-W), got here in at 2.9%. That’s increased than the inflation tendencies indicated final month primarily based on December CPI-W knowledge, in line with the advocacy group.
Within the league’s 2024 Senior Survey, 73% of respondents stated their family prices rose by greater than 3.2% in 2023; plus, 38% are apprehensive that their 2024 COLA will fall in need of inflation this yr.
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