Social Security Announces 2025 Cost-of-Living Adjustment on October 10

The adjustment aims to help retirees keep pace with inflation, with experts predicting a 2.5% increase.

The Social Security Administration will announce the 2025 cost-of-living adjustment (COLA) on October 10, 2024.
Analysts predict a 2.5% increase for 2025, lower than the 3.2% increase in 2024 due to cooling inflation.
The COLA is calculated based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
Retirees should consider reviewing their investment strategies to ensure their income keeps up with living costs.
Social Security benefits are a significant income source for many retirees, with adjustments intended to counteract inflation.