Social Security COLA 2025 Increase Sparks Backlash
October 10, 2024
October 10, 2024
WASHINGTON, Oct. 10 -- Rep. John B. Larson, D-Connecticut, issued the following news release:
Senior groups reacted to the cost-of-living (COLA) adjustment announced on Thursday(link is external) for 2025 Social Security payment, saying it likely will not cover higher costs retirees are facing.
The COLA was set at 2.5 percent(link is external), meaning retired workers' Social Security checks(link is external) will grow by around $48 a month, going from an average of $1 . . .
Senior groups reacted to the cost-of-living (COLA) adjustment announced on Thursday(link is external) for 2025 Social Security payment, saying it likely will not cover higher costs retirees are facing.
The COLA was set at 2.5 percent(link is external), meaning retired workers' Social Security checks(link is external) will grow by around $48 a month, going from an average of $1 . . .