The question of “will veterans get a raise in 2025” has been a topic of discussion among veterans and their advocates. A cost-of-living adjustment (COLA) for veterans’ benefits is tied to the increase in the Consumer Price Index, as determined by the Bureau of Labor Statistics. The COLA is designed to help veterans keep pace with inflation and maintain their standard of living. The COLA for 2023 was 5.9%, the largest increase in 40 years. The COLA for 2024 has not yet been announced, but it is expected to be around 3%. If the COLA for 2025 is similar to the COLA for 2024, then veterans can expect a modest increase in their benefits.
There are a number of factors that could affect the COLA for 2025. One factor is the rate of inflation. If inflation continues to rise, then the COLA for 2025 could be higher than expected. Another factor is the economic outlook. If the economy continues to improve, then the COLA for 2025 could be lower than expected. Ultimately, the COLA for 2025 will be determined by the Bureau of Labor Statistics and the Department of Veterans Affairs.