How Much More Social Security Will You Get in 2025? These 2 Factors Are What You Need to Look Out For
Even though we're only about halfway through 2024, at this point, many seniors on Social Security are eager to know what 2025's cost-of-living adjustment, or COLA, will look like. And the reality is that we won't know for sure until October. But if you're looking for some clues as to what next year's Social Security COLA might amount to, here are two factors you'll need to pay attention to.
Stubbornly high inflation has been a problem for consumers since 2021. After peaking in 2022, it's thankfully been cooling down, leading to more moderate increases in living costs over the past couple of years.
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Source Fool.com