Social Security beneficiaries will see a 2.5% Cost of Living Adjustment (COLA) in 2025, which slipped from 2024's COLA increase of 3.2%.

Yahoo Finance senior columnist Kerry Hannon details how next year's COLA increase compares to the average over the past decade and whether it is keeping up with inflation. September's Consumer Price Index came out slightly hotter than expected with prices increasing by 0.2% month-over-month (0.1% was expected) and 2.4% annually (2.3% was expected).

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This post was written by Luke Carberry Mogan.