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So, how much should the 2025 COLA beto keep up with inflation?
How Is COLA Calculated?
For 2024, the SSA determined a 3.2% COLA.
It will announce the next COLA in October 2024, which will be applied to 2025 benefits.
Is It an Accurate Metric?
So, it is not really known how much the CPI-E would change the annual COLA, she added.
Advocacy groups have been pushing for a change for some time.
What Is the Projected 2025 COLA?
But while decreased inflation is good news for consumers, in this case, its not for seniors.
In fact, it added in a separate report that without an accurate COLA, beneficiaries lose purchasing power.
What Should the COLA Be in 2025 To Keep Up With Inflation?
The CPI-E was introduced in 2008 and is published monthly along with other inflation data.
In 2025, this could put the COLA around 3%.
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