2025 Social Security COLA Estimate Rises Due to Inflation

Published on April 12, 2024

Advocacy group The Senior Citizens League (SCL) has raised its estimate of social security cost-of-living adjustment (COLA) for 2025, citing higher inflation. “The March CPI-W (Consumer Price Index for Urban Wage Earners and Clerical Workers) came in at 3.5 percent,” TSCL said in an April 10 press release. “That’s higher than the inflation trends indicated last month based on February’s CPI-W data. Based on this trend, The Senior Citizens League is adjusting the long-term forecast COLA to 2.6 percent in 2025.” The latest COLA estimate is higher than TSCL’s February projection of 1.75 percent. The 2024 Senior Survey conducted by TSCL found that 43 percent of respondents saw their expenses jump by more than $185 per month last year....

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