In the US, the cost-of-living adjustment (COLA) for veterans’ incapacity compensation and different advantages is anticipated to extend by 8.7% in 2025, the most important improve in over 40 years.
This improve is because of the rising price of dwelling, as measured by the Client Worth Index (CPI). The CPI is a measure of the typical change in costs over time for a basket of products and providers bought by city wage earners and clerical staff. The COLA is designed to assist veterans hold tempo with the rising price of dwelling and keep their high quality of life.