Reported about 8 hours ago
Social Security has announced a 2.5% cost of living adjustment (COLA) for 2025, which will provide retirees with an additional average of $50 per month. Economist Mark Hamrick describes this adjustment as a 'catch-up' rather than a substantial advance, noting that while real wages are rising faster than inflation, it is important to consider the overall economic condition affecting the American public.
Source: YAHOO