Social Security's 2025 COLA Estimate Just Dropped. Here's Why You Shouldn't Worry.
There's a big Social Security change that happens year after year. Social Security benefits are eligible for annual cost-of-living adjustments, or COLAs. The purpose of these raises is to help recipients maintain their buying power as inflation pushes the cost of living upward.
In 2024, Social Security beneficiaries saw their monthly checks rise by 3.2%. But based on recent estimates, next year's Social Security COLA isn't going to be as generous. In fact, the 2025 Social Security COLA was recently adjusted downward, but that's not necessarily something you should panic over.
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Source Fool.com
