As inflation cools, Social Security recipients can expect a smaller COLA increase for next year

Social Security Administration

independent agency of the U.S. federal government

NBC News

Jul 11, 2024, 8:12 PM

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As inflation cools, Social Security recipients can expect a smaller COLA increase for next year

Price growth is cooling across the economy.

CNBC

Jul 11, 2024, 2:46 PM

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As inflation cools, estimate for 2025 Social Security cost-of-living adjustment goes down

The Social Security cost-of-living adjustment may be 2.7% next year, according to a new estimate based on government inflation data released on Thursday.

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