The cost-of-living adjustment (COLA) for 2025 in Virginia (VA) is a crucial measure that aims to protect the purchasing power of individuals receiving certain benefits, such as Social Security and Supplemental Security Income (SSI), against the rising cost of living. The COLA is calculated based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), which measures the change in prices of a basket of goods and services commonly purchased by urban wage earners and clerical workers.
The COLA increase for 2025 is particularly important as it comes at a time when inflation is at a 40-year high. The COLA adjustment helps ensure that beneficiaries can maintain their standard of living despite the rising costs of essential goods and services. Historically, the COLA has played a significant role in supporting low-income individuals and families, particularly during periods of economic uncertainty.
