Is Social Security going up? COLA increase bigger than expected [Video]

**Related Video Above: Taxes on Social Security hit some for first time this year

CLEVELAND (WJW) — Coming out of the pandemic, American bank accounts continue to feel the sting of inflation, and that includes retirees — and those who rely on Social Security.

The Senior Citizens League, a nonpartisan group focusing on issues that affect older Americans, raised its long-term forecast for the 2025 Social Security cost-of-living adjustment (COLA) to 2.6% (up from 1.7% the month prior), after seeing March inflation data.

The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) came in at 3.5%, higher than indicated by February data.

This comes after Social Security beneficiaries saw their monthly checks go up by 3.2% this year and 8.7% in 2023. The average COLA in recent years has been 2.6%, according to FOX Business News.

Of course, the Social Security Administration does not officially announce next year’s …