Coming out of the pandemic, American bank accounts continue to feel the sting of inflation, and that includes retirees — and those who rely on Social Security.
The Senior Citizens League, a nonpartisan group focusing on issues that affect older Americans, raised its long-term forecast for the 2025 Social Security cost-of-living adjustment (COLA) to 2.6% (up from 1.7% the month prior), after seeing March inflation data.
