Social Security's 2025 Cost-of-Living Adjustment (COLA) Forecast Is Narrowing -- but the Chance of Disappointment for Retirees Is Climbing
For most retired Americans, a Social Security check isn't just a piece of paper. It's a financial lifeline that's necessary to make ends meet.
Even though the average Social Security retired-worker benefit was "only" $1,916.63 in May 2024, America's leading retirement program was responsible for pulling 22.7 million people out of poverty in 2022, according to an analysis from the Center on Budget and Policy Priorities. And 16.5 million of them were adults aged 65 and over.
Furthermore, only 11% of retirees aren't reliant on their Social Security income to cover their expenses, based on an April survey by national pollster Gallup.
Source Fool.com
