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SSA Announces 2.5 Percent Cost of Living Adjustment for 2025

SSA Announces 2.5 Percent Cost of Living Adjustment for 2025
  • The Senior Citizens League (TSCL) reported that, on average, retired workers’ Social Security checks will increase by an estimated $48 on January 1, from $1,920 to $1,968.
  • After hovering near or above three percent for most of the year, the Consumer Price Index for Urban Wage Earners (CPI-W) came in at 2.9 percent for July and 2.4 percent for August.
  • Today, the Bureau of Labor Statistics announced that the CPI-W for September was 2.2 percent.

The bottom line: In a recent TSCL survey of more than 3,000 older Americans, 72 percent said that changing the COLA calculation to an index that better reflects seniors’ changing costs should be a top priority for Congress.

Additionally, 70 percent said they worry that persistently high inflation prices will cause them to raise their spending and risk depleting their retirement savings and other assets.

Published by

Darryl Hicks

Darryl Hicks is Vice President of Communications for the National Reverse Mortgage Lenders Association. In this capacity, Hicks writes for NRMLA's publications, manages the association's web sites and social media accounts, assists committees and the Board of Directors, and manages the Certified Reverse Mortgage Professional designation. Prior to joining NRMLA in 1999, Hicks spent three years in the Washington, D.C. bureau for National Mortgage News.