Social Security announces 2.5 percent cost-of-living adjustment for 2025 ...Middle East

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(The Hill) -- Social Security recipients will see a 2.5 percent bump as part of their cost-of-living adjustment (COLA) for 2025. The increase announced Thursday marks the smallest in years and is in line with experts’ expectations as inflation has eased some. Millions of recipients saw their biggest increase at 8.7 percent last year following decades-high inflation during the pandemic. In the Labor Department’s latest inflation reading released shortly before the COLA announcement, consumer prices saw a 0.2 increase last month and rose 2.4 percent annually. The agency’s Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), the inflation gauge that’s factored int

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