If you're a salaried worker, you probably find yourself getting a bit antsy toward the end of the year if that's when raises are typically announced at your workplace. Similarly, many Social Security recipients are already eager to know what their 2025 cost-of-living adjustment, or COLA, will amount to.

Social Security benefits are eligible for an annual COLA to help seniors maintain their buying power as inflation drives the cost of living upward. In 2024, Social Security recipients saw their benefits increase 3.2% from the previous year. And beneficiaries might be hoping for at least an equally large boost in 2025.

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Source Fool.com