Social Security COLA 2025 Prediction: Here's How Much More the Average Retiree Could Expect in Benefits Each Month
Millions of older adults depend on Social Security in retirement, but the program is facing some serious financial challenges. A whopping 87% of U.S. adults say they worry about the future of Social Security to some degree, according to a 2024 poll from Gallup, with 43% of that group admitting they worry "a great deal." With benefit cuts potentially looming, it's a fair concern.
For those relying on their benefits to make ends meet, the annual cost-of-living adjustment (COLA) is something to look forward to. The COLA is designed to help Social Security keep up with inflation, and as rising costs continue to take a bite out of retirees' budgets, any extra benefits can go a long way.
While the official COLA won't be announced until October, some experts are already making predictions for the 2025 adjustment. Here's how much the average retiree might expect to receive starting next year.
Source Fool.com
