Social security recipients may have to lower their expectations of the amount of benefits they will be receiving in the next year. According to CBS News, retirees are expected to receive an increase of $48 or 2.5% in 2025, which is below the 2.57% increase that was previously projected.
The Senior Citizens League (TSCL), a group which advocates group for senior citizens, stated that the 2025 projection is calculated by the cost-of-living adjustment, or COLA, which is based on the inflation rate.