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2.5% COLA for 2025
The Social Security Administration (SSA) has announced a 2.5% cost-of-living adjustment (COLA) for 2025, affecting over 72.5 million Americans receiving Social Security and Supplemental Security Income (SSI) benefits. This adjustment aims to help beneficiaries keep pace with inflation and rising living costs. Impact on Social Security Benefits Starting in January 2025, Social Security retirement…