Here's How Much 2025's Estimated Social Security COLA Could Add to the Average Check
The government won't announce the official 2025 Social Security cost-of-living adjustment (COLA) until October. But that hasn't stopped people from speculating about it. We saw checks rise a whopping 8.7% in 2023 -- the largest increase in 40 years. But this year's COLA wasn't nearly as high.
With growing concerns about Social Security's declining buying power, many are eager to know what 2025 will bring. The latest estimates suggest the average Social Security check will only see a modest bump from the COLA. But there's reason to believe this could change between now and October.
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Source Fool.com
