The projected cost-of-living adjustment (COLA) for veterans in 2025 is a vital metric that impacts the monetary well-being of those that have served our nation. COLA is an annual adjustment to advantages and funds supplied to veterans and their households to maintain tempo with inflation and rising dwelling prices.
The exact COLA proportion for 2025 has but to be decided, as it’s calculated based mostly on the Shopper Worth Index (CPI) for City Wage Earners and Clerical Employees, which measures modifications within the costs of products and providers bought by these staff. The CPI knowledge for the related interval might be used to find out the COLA for 2025, which might be introduced within the fall of 2024.