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The Social Security Administration (SSA) has announced a 2.5% cost-of-living adjustment (COLA) for 2025, set to take effect in January. This adjustment, while modest compared to recent years, will impact millions of Americans who rely on Social Security benefits for their livelihood. In this comprehensive guide, we'll explore what this increase means for retirees, how it compares to previous years, the broader economic context surrounding this decision, and real-life examples illustrating its impact.
