Social Security's 2025 COLA Forecast Just Improved. Here's the Latest Estimate
October is always a big month for seniors on Social Security. The reason? It's the month when the Social Security Administration announces what cost-of-living adjustment, or COLA, recipients will be privy to in the coming year.
In 2023, seniors on Social Security received a whopping 8.7% COLA -- the largest to arrive in decades. But this year's COLA was a relative disappointment at just 3.2%.
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Source Fool.com
