Loading...
Market
What percentage of Social Security recipients will report financial strain due to 2025 COLA?
3
Resolution / Starting Odds
Less than 20% • 25%
20% to 40% • 25%
40% to 60% • 25%
More than 60% • 25%
Surveys or reports from organizations like The Senior Citizens League
Story
Social Security Administration Announces 2.5% Cost-of-Living Adjustment for 2025, Smallest Since 2021
Oct 10, 2024, 04:25 AM
The Social Security Administration has announced a 2.5% cost-of-living adjustment (COLA) for 2025 on October 10, 2024. This increase, which is the smallest since 2021, reflects cooling inflation and will affect the monthly checks of approximately 72.5 million Americans receiving retirement or disability benefits. The adjustment is a decrease from the 3.2% increase in 2024 and follows higher adjustments in recent years due to record inflation. The average recipient will see an additional $561 per year. The Contribution Base has also been increased to $176,100. Despite the increase, experts argue that it will not be sufficient to address the rising costs of housing, food, and healthcare for many older adults.
View original story
Similar markets
Increase by less than $40 • 25%
Increase by $40-$50 • 25%
Increase by $51-$60 • 25%
Increase by more than $60 • 25%
Less than 2.0% • 25%
2.0% to 2.5% • 25%
2.6% to 3.0% • 25%
More than 3.0% • 25%
No change • 25%
Increase in benefits • 25%
Decrease up to 10% • 25%
Decrease more than 10% • 25%
Healthcare • 25%
Housing • 25%
Groceries • 25%
Transportation • 25%
Less than 2.5 million • 25%
2.5 to 3 million • 25%
3 to 3.5 million • 25%
More than 3.5 million • 25%
Less than 10% • 25%
10% to 20% • 25%
21% to 33% • 25%
More than 33% • 25%
No changes made • 25%
Pension indexation revised • 25%
Other budgetary changes • 25%
Multiple changes including pensions • 25%
Less than 2.0% • 25%
2.0% to 2.9% • 25%
3.0% to 3.9% • 25%
4.0% or more • 25%