Analysts estimate that in 2025, the Social Security COLA is projected to be 2.7 percent.
Seniors could see a Social Security trend that hasn't happened in more than three decades.Every year, Social Security payments are updated based on the cost-of-living adjustment, which accounts for the impacts of inflation. Seniors typically see inflation on everything from housing to groceries and healthcare. If that happens, that will be the first time in 31 years that seniors receive a COLA of 2.7 percent or above four years in a row.Seniors have seen consistently high COLAs since 2022.
While seniors might initially be excited to hear they're getting larger increases than usual, this trend doesn't actually mean seniors are gaining more buying power. Instead, their Social Security payments merely reflect the inflation they're already facing.The reason for the steady years of high raises is because inflation has been at a consistent high.
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