Seniors collecting Social Security receive a raise almost every year to help their checks keep up with the rising cost of living. The government is still a few weeks away from finalizing the numbers to calculate next year's cost-of-living adjustment,

After decades of almost no increase, Social Security recipients have enjoyed larger than usual cost of living adjustments (COLA) since 2022. Unfortunately,

While we're still a few weeks away from the October announcement, it hasn't stopped experts in the field that follow inflation trends to make predictions for what the 2025 COLA in

The Social Security Administration will officially announce the 2025 cost-of-living adjustment (COLA) on Oct. 10, 2024. It might seem like an arbitrary date to you, but it's not. That's when the government releases the September figure for the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).

The inflation data for August gives us a pretty good idea about the likely magnitude of Social Security’s cost-of-living adjustment (COLA) for 2025. This automatic indexing of benefits to keep up with rising prices — always a wonderful feature of our Social Security program — has been particularly valuable in light of the recent bout of inflation.

The purpose of COLAs is to help Social Security beneficiaries maintain their buying power in the face of inflation. Over time, living costs tend to rise naturally. Keeping Social Security payments stagnant would likely force those who rely on them into poverty through the years.

Not even a history-making cost-of-living adjustment (COLA) can save retirees from a financial double whammy next year.

Social Security recipients received a 3.2% adjustment. The average retired worker benefit lands at roughly $1,900 per month, so that amounts to a raise of just over $60 p