Social Security's 2025 Cost-of-Living Adjustment (COLA) Is Revealed -- Here's Precisely How Much the Average Check Is Rising Next Year

For most retired Americans, Social Security is more than just a check. It represents an indispensable lifeline that shapes their financial foundation.Over the last 23 years, national pollster Gallup has been conducting annual surveys to gauge how reliant retirees are on the income they receive from Social Security. Consistently, between 80% and 90% of retirees have responded that it's a "major" or "minor" income source, including 88% in 2024. Put another way, roughly nine out of 10 retirees would struggle to make ends meet without this vital program.With the above being said, it should come as no surprise that the cost-of-living adjustment (COLA) reveal is the most-awaited announcement of the year for the program's more than 68 million recipients.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool