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Prediction: The 2025 Social Security Cost-of-Living Adjustment (COLA) Will Be Smaller Than 2024's. Here's Why.

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Prediction: The 2025 Social Security Cost-of-Living Adjustment (COLA) Will Be Smaller Than 2024's. Here's Why.: https://g.foolcdn.com/editorial/images/786931/frustrated-person-with-hand-on-head-looking-at-laptop.jpg

The 3.2% Social Security cost-of-living adjustment (COLA) for 2024 was well under the 8.7% boost seniors got in 2023. Though it added about $59 per month to the average Social Security benefit, some seniors felt this didn't go far enough. Many hope the 2025 COLA will bring some much-needed relief.

We're still a couple of months away from the official announcement, but there's good reason to suspect the 2025 COLA will be smaller than what we've seen over the last couple of years. It's not all bad news, though.

Image source: Getty Images.

Source Fool.com

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