Retirees who are still feeling the pinch of inflation might feel let down by the Oct. 24 Social Security COLA announcement. The cost-of-living adjustment (COLA) for the new year will be only modestly bigger than the COLA for 2025. After a 2.5% increase in their benefits this year — which followed a 3.2% increase for 2024 — retirees will see a 2.8% bump in the new year. Read on to find out…
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