The Social Security cost-of-living adjustment (COLA) provides a much-needed income boost to retirees and other beneficiaries, allowing them to maintain the same quality of life despite rising prices. Over the past three years alone, Social Security COLAs have increased benefits by a total of nearly 19%, which has certainly eased the sting of high inflation on the tens of millions of beneficiaries.

While it's too early to know for sure what the 2025 COLA might be, here's a look at how the Social Security Administration calculates the annual adjustment, what the recent inflation data tells us, and when Americans can expect to learn exactly what next year's increase will look like.

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Source Fool.com