In most years, retirees receive a cost-of-living adjustment (COLA) from the Social Security Administration. The COLA serves a very important purpose. Since prices go up over time, retirement benefits must do the same, or seniors would lose buying power and struggle to cover the basics -- especially over a long retirement.

Unfortunately, there's no good news for seniors when it comes to the COLA that will take effect in 2025. Retirees are in a lose-lose situation.

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Source Fool.com