Social Security benefits increased by only 2.5% at the start of 2025, a modest adjustment amidst ongoing inflation concerns. While inflation has eased somewhat since its peak in 2022, many retirees still face financial pressure. The adjustments are based on past inflation, making future price increases a concern. Currently, January's COLA provides some relief, with the Consumer Price Index reflecting a 2.4% rise, yet there are worries this may not last as tariffs could further inflate living costs.
Despite the recent cost-of-living adjustment of 2.5%, many retirees are still feeling financial strain due to unpredictable inflation and rising living costs.
The recent rise in the Consumer Price Index shows a modest 2.4% increase, indicating that at least in the short term, seniors may have some relief from inflation.
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