Here’s what your COLA increase could be in 2025 [Video]

(NewsNation) — Older Americans are feeling the strain from high inflation, and next year’s Social Security benefit bump may not offer much relief.

The latest estimate from the Senior Citizens League projects Social Security’s cost-of-living adjustment (COLA) will be 2.66% in 2025. That’s the lowest increase since the pandemic and below today’s annual inflation rate, which has remained near 3.5% in recent months.

“With the forecast of a 2.66% COLA for 2025, it appears seniors will continue to suffer financial insecurity as much next year as they have this year,” Shannon Benton, executive director of The Senior Citizens League, said in a statement.

According to a survey by the Senior Citizens League, 71% of respondents said their rising bills would exceed the 3.2% COLA bump they received this year.

That majority underscores the stress retirees are feeling as they grapple with the cumulative effect of elevated inflation, which continues to show up in higher …