Prediction: 2025's Social Security COLA Will Leave Retirees in the Lurch
Even though we're nowhere close to the end of 2024, a lot of people who collect Social Security are eager to know what sort of raise their benefits will get once the new year begins. Unfortunately, they'll have to sit tight a bit longer to get an answer.
Social Security's cost-of-living adjustments, or COLAs, are calculated based on third-quarter inflation data. Since we're only roughly at the midpoint of the year's third quarter, we're not particularly close to narrowing down that number. In fact, the Social Security Administration isn't expected to make a 2025 COLA announcement until October.
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Source Fool.com
