Social Security's 2025 COLA: There's Good News Ahead for Retirees
Many seniors get most or all of their retirement income from Social Security. Because of this, the program's annual cost-of-living adjustments, or COLAs, are extremely important.
The purpose of the Social Security COLA is to help ensure that benefits keep pace with inflation. And those COLAs are calculated based on inflation data -- specifically, from the third quarter of the year.
Image source: Getty Images.
Source Fool.com
