Why Are Social Security COLAs Announced in October?
In 2024, seniors on Social Security saw their monthly benefits increase by 3.2%. And at this point, many recipients are wondering what next year's cost-of-living adjustment, or COLA, will look like.
If you're in that boat, here's some potentially frustrating news. You're going to have to sit tight until October to learn about your 2025 Social Security COLA. But there's a big reason for that.
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Source Fool.com