Arguably, no government report matters to retirees as much as the monthly U.S. Bureau of Labor Statistics (BLS) Consumer Price Index Summary. This report provides inflation data for the previous month.

Why is it important to retirees? One of the numbers in the report is critical to calculating the annual Social Security cost-of-living adjustment (COLA).

On Wednesday morning, the BLS released its inflation report for July. It didn't take long for the first updated projection to come out regarding how much next year's COLA might be. Here's the latest 2025 Social Security COLA estimate -- and why there's both good news and bad news for retirees.

Continue reading

Source Fool.com