The Social Security Administration announced a 2.5% cost-of-living adjustment (COLA) for 2025, which will raise monthly benefits by about $50 on average. This is the lowest increase since 2021, reflecting slower inflation. Despite the adjustment, many older Americans still struggle with rising living costs, as inflation continues to affect essentials like groceries and gas. Social Security remains a critical income source for about 40% of older Americans, helping them cope with increasing expenses.

So, how much do you think the cost of living will increase in Canada?