The Social Security Administration (SSA) recently announced the Cost of Living Adjustment (COLA) increase starting in 2025 for those receiving Social Security benefits…
Copilot created this nice chart of the last quarter century COLA adjustments…. The lockdown years inflation, which we recall most recently and more importantly feel currently was a large anomaly…
This increase flows through on many other items, and even those not receiving Social benefit will accrue the increase in their future benefits… Items such as COLA adjusted Pensions and anything with a inflation adjustment will likely receive a similar bump….
These increases are an attempt to offset costs moving up due to inflation factors….
Have a Great “COLA Inflation offset Reminder” Day!
John A. Kvale CFA, CFP
AI Content Authenticity: Copilot created the nice graph as Xcel and I were fighting format issues. All of the following text content has been completed by myself and has not been edited or created by AI. Occasionally we do use AI for images and will note when appropriate.
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
