(NEXSTAR) – The next cost-of-living increase for Social Security recipients — which was already projected to be the lowest in years — is continuing to fall even lower, according to the latest figures from the Bureau of Labor Statistics. Based on the department’s consumer price index (CPI) data through August, Social Security recipients might expect a 2.5% cost-of-living adjustment (COLA) to their payments next year, according to The Senior Citizen’s League (TSCL), a nonpartisan senior advocacy group. That’s lower than the 2.63% estimated in July and the 2.57% estimated in August. It would also be the lowest increase since 2021, when beneficiaries were given a 1.3% bump.
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