Some retirees might understandably feel disappointed when the Social Security Administration (SSA) announces a lower cost-of-living adjustment (COLA), as it did this week.
As Kiplinger reported, the COLA for 2025 will be 2.5%, which could mean a smaller benefits check beginning in January for the approximately 68 million people receiving Social Security benefits. (The SSA also announced the 2025 Social Security tax limit, which has jumped 4.4%.)
