Social Security Cost-of-Living-Adjustment (COLA) 2025: There's Bad News Coming for Retirees
The Motley Fool
JULY 23, 2024
Millions of retirees depend on Social Security to make ends meet. Benefits are a major source of income for 60% of current retirees, according to a 2024 poll from Gallup, with an additional 28% of retirees relying on their benefits as a minor income source. It's no surprise, then, that many retirees are eagerly awaiting the annual cost-of-living adjustment (COLA) announcement.
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