The projected cost-of-living adjustment (COLA) for veterans in 2025 is a crucial metric that impacts the financial well-being of those who have served our country. COLA is an annual adjustment to benefits and payments provided to veterans and their families to keep pace with inflation and rising living costs.
The precise COLA percentage for 2025 has yet to be determined, as it is calculated based on the Consumer Price Index (CPI) for Urban Wage Earners and Clerical Workers, which measures changes in the prices of goods and services purchased by these workers. The CPI data for the relevant period will be used to determine the COLA for 2025, which will be announced in the fall of 2024.