Reported 29 days ago
Social Security recipients should mark October 10 on their calendars. On this day, the Labor Department will release the September inflation data, critical for calculating the cost-of-living adjustment (COLA) for 2025. Current projections suggest a 2.6% increase, impacting average monthly benefits for various categories of beneficiaries. This expected adjustment, the smallest since 2021, highlights ongoing inflation concerns for retirees, prompting suggestions for additional saving and earning strategies.
Source: YAHOO