The term “COLA raise 2025” is used to refer to a potential cost-of-living adjustment (COLA) that may occur in the year 2025.
COLA raises are typically given to individuals who receive Social Security benefits, Supplemental Security Income (SSI), or other government-funded programs. The purpose of a COLA raise is to help these individuals keep up with the rising cost of living. The amount of the COLA raise is determined by the Consumer Price Index, which measures the changes in prices for goods and services.