2025 Social Security COLA Increase

what's something people don't know about social security it's about to get a little more generous in 2025 the Social Security Administration is gearing up to announce the 2025 cost of living adjustment or cola this October this adjustment ensures your benefits keep Pace with inflation which is measured by the Consumer Price Index in simple terms it means more money in your pocket experts predict an increase between 2.57% and 3.25% not not bad right but keep in mind Rising costs especially in health care might eat up some of this extra cash the senior citizens League forecasts a 2.57% bump a tad lower than their earlier guess the best part you don't need to do a thing the new amount will automatically show up in your January 2025 check but here's a pro tip manage your finances wisely look for cheaper alternatives and maybe explore some Investments to make your money grow so get ready for a little extra cushion in 2025 stay informed and stay smart