Social Security is an important source of income for millions of retired Americans today. And those who depend on those monthly benefits to pay the bills are no doubt eager to know what their 2025 cost-of-living adjustment (COLA) will amount to.

Unfortunately, that information won't become available until October. That's because Social Security COLAs are based on inflation data from the entire third quarter of the year, which we're still clearly in the midst of.

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Source Fool.com