Social Security benefits change each year in line with the COLA, which reflects the inflation of the previous year.
Only around two weeks remain until seniors find out the Social Security cost-of-living adjustment for 2025. Newsweek spoke with experts about what to expect and why.Social Security benefits change each year in line with the COLA, which reflects the inflation of the previous year so that seniors retain their purchasing power.While the COLA was 3.2 percent this year, experts have warned that next year's payments are unlikely to increase by that much again.
73 percent on Part D,' Roop told Newsweek. 'This is a large driving factor why many times the revised income goes down on Social Security even after a small COLA.'Michael Ryan, a finance expert and the founder of michaelryanmoney.com, said he thinks the COLA will be between 2.3 and 2.7 percent.While Ryan said the 2025 COLA will provide some financial relief, it likely won't fully make up for the cost increases seniors face on Medicare, rent and groceries.
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