Retirees are most likely going to receive a cost-of-living adjustment (COLA) in 2025. COLAs increase the amount of monthly Social Security benefits in order to help ensure those benefits keep pace with inflation.

The official 2025 COLA will not be announced until October, so seniors won't have definitive details until then. However, with 2024 half over, there's a lot we do know about what next year's raise will look like. Here are the details so you can get an idea of what to expect if you're a retiree hoping to find out about next year's raise.

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Source Fool.com