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News in English (USA) / 09.10.2024 / 23:00

Upcoming Changes to Social Security Benefits and COLA for 2025

As the official announcement for the 2025 Social Security cost-of-living adjustment (COLA) approaches, retirees are bracing for potential changes to their benefits. Experts predict a modest increase, with some estimates around 2.5%, which many seniors believe will not adequately offset the rising costs of living. Over the next few days, key dates and details regarding the new benefit amounts will emerge, and some retirees are advised to prepare for disappointment as the upcoming adjustments are deemed insufficient due to persistent inflation. In addition, the announcement will also clarify payment dates and eligibility for various groups, including veterans. Retirees should pay close attention to the upcoming news to understand how these changes will affect their financial stability.
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