by Alvin Buyinza
Mass Live
Social Security beneficiaries should expect a higher cost-of-living adjustment next year after the government reported a rise in inflation in March, according to an advocacy group.
The Senior Citizens League, the nation’s largest nonpartisan senior advocacy group, has increased its prediction for the long-term cost-of-living adjustment – or COLA – for 2025 to 2.6%, up from 1.75% last month, according to a press brief from the organization.
The increase is due to the rise in the consumer price index, a measurement of the average change over time in the prices paid by urban consumers for a market basket of goods and services, according to the U.S. Bureau of Labor Statistics.