2025 Social Security COLA forecasts trend upward as prices continue to rise: What beneficiaries need to know
Last week, the Bureau of Labor Statistics released the April Consumer Price Index (CPI) report, which showed that consumers were paying 0.4 percent more for goods and services than the month before.The Social Security Adminstration (SSA) uses the CPI for Salaried Workers in Urban Areas and Administrative Workers (CPI-W) to calculate the Cost-of-living adjustment offered to recipients of its programs each year.