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Stock impact report

Social Security cost-of-living adjustment (COLA) increase for 2025 [USA TODAY]

LendingTree, Inc. (TREE) 
Last lendingtree, inc. earnings: 2/25 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.lendingtree.com
Company Research Source: USA TODAY
The COLA increases Social Security payments to help benefits keep pace with inflation. Most retirees received a bump of more than $50 per month this year. Millions of Americans depend on Social Security payments to make ends meet. Retired workers are the largest group of beneficiaries, but children, spouses and disabled individuals may also receive these benefits from the government. While Social Security benefits are initially calculated using a worker's earnings record, monthly payments would quickly lose purchasing power if they never changed. To prevent that from happening, legislation enacted in 1973 instituted annual cost-of-living adjustments, which began in 1975. Known as COLAs, these cost-of-living adjustments can vary significantly from year to year. Some say they don't adequately reflect increases in senior expenses. The Social Security COLA for 2024 is 3.2%. COLA 2025 estimate The Senior Citizens League forecasts the COLA for 2025 to increase by 1.75%. TSCL's Show less Read more
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