Social Security Benefits Get a Cost-of-Living Adjustment (COLA) in 2025. Here's How Much Your Check Could Increase.
A recent survey from Nationwide Retirement Institute found that two-thirds of adults don't know Social Security benefits are protected from inflation.
Fortunately, retired workers and other Social Security recipients get annual cost-of-living adjustments (COLAs) designed to offset inflation. Those scheduled pay increases protect the purchasing power of benefits. For instance, the Consumer Price Index (CPI) -- a popular measure of inflation -- has risen 66% in the last two decades. Meanwhile, COLAs have added 67% to Social Security benefits.
The Social Security Administration will announce the official COLA for 2025 on Thursday, Oct. 10. Here's what to expect.
Source Fool.com
