Social Security officials announced a 2.5% cost-of-living adjustment (COLA) for benefits in the coming year, marking the smallest increase since before the COVID-19 pandemic. The adjustment, based on federal estimates of private-sector wages, will affect Social Security recipients, military retirees,…

The Social Security cost-of-living adjustment (COLA) for 2025 has been set at 2.5%. While this increase may seem modest compared to recent years—especially post-pandemic adjustments driven by high inflation—it reflects a more stable inflation environment. Here’s a breakdown of what…

A new, in-depth analysis of Donald Trump’s proposed tax policies for the 2024 presidential campaign reveals that they would lead to annual tax hikes for 95% of Americans while giving significant breaks to the wealthiest 5%. The Institute on Taxation…