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Social Security beneficiaries anticipate a 2.6% increase in COLA for 2025, reflecting rising inflation.
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Despite the apparent boost, recipients might not feel the relief due to escalating living costs.
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The Senior Citizens League revises their COLA prediction to 2.6%, up from the previous estimate of 1.75%.
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March's Consumer Price Index data, indicating a 3.5% increase, drives the upward adjustment.
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On average, beneficiaries could see an additional $45 monthly, following last year's $50 increase.
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However, the timing of the adjustment means the financial relief won't be felt until January 2025.
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The delay in benefit adjustments contrasts with immediate expenses incurred at current inflated prices.
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Financial analysts highlight the diminished value of future money compared to immediate needs.
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The chronic issue of delayed COLAs becomes more pressing amid a backdrop of rising inflation rates.
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While estimates evolve monthly, the final 2025 adjustment hinges on third-quarter inflation comparisons.
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