Social Security's Historic 2025 Cost-of-Living Adjustment (COLA) Is on Track to Yield a Trio of Disappointments
For most retired Americans, a Social Security check isn't just another piece of paper. It represents a vital income source that an overwhelming majority of people age 62 and above would struggle to live without.
For the last 23 years, national pollster Gallup has been surveying retirees to gauge how much they rely on the income they receive from America's top retirement program. Consistently, between 80% and 90% of retirees lean on their monthly payout to cover at least some portion of their expenses. In Gallup's 2024 survey, only 11% of respondents noted that their Social Security income wasn't needed.
Nothing matters more to the 86% of Social Security beneficiaries who are age 62 and above than the annual cost-of-living adjustment (COLA) reveal, which is slated for Oct. 10.
Source Fool.com
