Seniors collecting Social Security receive a raise almost every year to help their checks keep up with the rising cost of living. The government is still a few weeks away from finalizing the numbers to calculate next year's cost-of-living adjustment,

After decades of almost no increase, Social Security recipients have enjoyed larger than usual cost of living adjustments (COLA) since 2022. Unfortunately,

While we're still a few weeks away from the October announcement, it hasn't stopped experts in the field that follow inflation trends to make predictions for what the 2025 COLA in

For a majority of Americans, Social Security income is an absolute necessity during retirement. In each of the last 23 years, national pollster Gallup has surveyed retirees to gauge how reliant they are on their Social Security check.

The inflation data for August gives us a pretty good idea about the likely magnitude of Social Security’s cost-of-living adjustment (COLA) for 2025. This automatic indexing of benefits to keep up with rising prices — always a wonderful feature of our Social Security program — has been particularly valuable in light of the recent bout of inflation.

The purpose of COLAs is to help Social Security beneficiaries maintain their buying power in the face of inflation. Over time, living costs tend to rise naturally. Keeping Social Security payments stagnant would likely force those who rely on them into poverty through the years.

The Social Security 2025 COLA forecast was recently revised downward.