While coverage of monthly forecasts of the next year’s Social Security Cost of Living Adjustment (COLA) provided by both The Senior Citizens League and retired Social Security policy analyst Mary Johnson remained popular, coverage of other issues related to Social Security were also among the most-read content on 401(k) Specialist in 2024.
On October 10, the Social Security Administration made it official that nearly 68 million Social Security beneficiaries will see a 2.5% COLA beginning in January 2025, raising the average beneficiary check by about $50 per month. That’s smaller than 2024’s 3.2% raise and much smaller than 2022’s inflation-fueled raise of 8.7%. Over the last decade, the Social Security COLA has averaged at about 2.6%.
But with TSCL and Johnson tracking monthly Consumer Price Index inflation data to provide predictions (and updates to those predictions), coverage of Social Security COLA has become nearly a year-round endeavor.
Beyond the COLA forecasts, the troubled finances of the Social Security trust funds and various efforts to address the coming insolvency is another topic that drew plenty of eyeballs in 2024—as did the campaign promises made by President Elect Donald Trump to end the tax on Social Security benefits.
• It’s Official: 2025 Social Security COLA Set at 2.5%
• Second Trump Presidency: End of Tax on Social Security Benefits?
• Where the Candidates Stand on Social Security
