THE next cost-of-living adjustment (COLA) for Social Security recipients, already projected to be the lowest in years, continues to fall even further. Based on the department’s consumer price index (CPI) data through August, Social Security recipients could see a modest 2.5% increase in their payments next year. COLA for next year will be 2.5%, based on a decline in CPI This projected 2.5% adjustment marks a further decline from the earlier estimates of 2.63% in July and 2.57% in August, as reported by The Senior Citizen’s League (TSCL), a nonpartisan advocacy group for seniors. It represents the smallest increase since 2021, when beneficiaries received a 1.3% bump.
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