This Is Exactly When the 2025 Social Security COLA Can Be Announced, and What It Means for Retirees

If you're among the many retirees today who rely on Social Security to make ends meet, then you may be eager to find out what your 2025 cost-of-living adjustment (COLA) will amount to. The purpose of Social Security COLAs is to help beneficiaries maintain their buying power from year to year as inflation drives the cost of living upward.Social Security COLAs are calculated based on changes in inflation that take place during the third quarter of the year. Given that it's already October, you'd think an official number would be available at this point.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool