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Who's Ready for a Massive Increase to Your Annual Social Security COLA? This Change Might Do the Trick.

TheMotleyFool

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Who's Ready for a Massive Increase to Your Annual Social Security COLA? This Change Might Do the Trick.: https://g.foolcdn.com/editorial/images/774843/getty-couple-high-five-happy.jpg

Breast cancer awareness month. Columbus Day. Fall foliage. Halloween. The World Series. Many things happen every October. But there's one event that retirees especially anticipate each year.

I'm referring to the annual cost-of-living adjustment (COLA) to Social Security benefits. Based on how the numbers are looking right now, your 2025 Social Security COLA will be lower than the 3.2% increase received this year.

However, the COLA calculation process may be much different after this year. Who's ready for a massive increase to your annual Social Security COLA? One proposed change might do the trick.

Source Fool.com

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