The Latest 2025 Social Security COLA Estimate Has Good and Bad News for Retirees
Millions of retired Americans today collect a monthly benefit from Social Security. For some people, that's supplemental income on top of a large IRA or 401(k). But for others, those benefits represent the majority of their monthly retirement income. And for people in the latter camp, annual Social Security cost-of-living adjustments, or COLAs, are extremely important.
The purpose of automatic Social Security COLAs is to help recipients maintain their buyer power as inflation drives the cost of living upward year after year. Without COLAs, seniors who get the bulk of their retirement income from Social Security would no doubt suffer.
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Source Fool.com
