Are Retirees on Track for a Pleasant Surprise When It Comes to Their 2025 Cost-of-Living Adjustment? The Answer May Not Be What You Think
Most years, retirees get a Social Security cost-of-living adjustment (COLA). This increases the amount of their monthly benefit. In January of this year, the Senior Citizens League (TSCL) projected retirees were on track for a 1.4% increase in 2025.
That estimate has changed, though. At first glance, it may seem that the shift in direction is a positive one for retirees. However, that may not actually be the reality. Here's why.
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Source Fool.com
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