Mark Your Calendars: Here's When the 2025 Social Security Cost-of-Living Adjustment (COLA) Will Be Announced
The 3.2% 2024 Social Security cost-of-living adjustment (COLA) raised the average benefit by $59 per month. But that was little comfort to seniors, many of whom reported their expenses rising by more than $185 per month in 2023, according to The Senior Citizens League (TSCL).
Though the 2025 COLA is a ways off, it's already getting a lot of attention from those eager for some extra help. Here's when you can expect the announcement and what the COLA could look like.
Image source: Getty Images.
Source Fool.com
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