Title: 2025 Social Security COLA Increase: Why Some Will Get an Extra Check in November
In the realm of Social Security benefits, the Cost-of-Living Adjustment (COLA) is a highly anticipated and closely watched development each year. As we usher in the year 2025, beneficiaries are eager to learn about the latest increase in COLA and how it will impact their monthly payments. This year, the COLA increase is expected to bring about significant changes, with some individuals entitled to an additional check in November.
The annual adjustment to Social Security benefits is calculated based on the rise in the Consumer Price Index (CPI), which measures the cost of goods and services. For 2025, the COLA increase is projected to be one of the most substantial in recent years, reflecting the changing economic landscape and inflation rates. This adjustment is crucial for millions of retirees, disabled individuals, and survivors who rely on Social Security as a primary source of income.
Learn more about this article from the source at https://www.tennessean.com/story/news/2024/10/16/social-security-cola-for-2025-why-some-get-2-check-in-november/75699461007/
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