Each year, Social Security beneficiaries are given a cost-of-living adjustment, or COLA, based on recent inflation data. While we don't yet know what the COLA might be for 2025, here's a rundown of how COLAs are calculated, what they've been in the past, and the latest estimate of what the upcoming COLA might be.
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Social Security beneficiaries will find out their annual raise in a few months. Here's what you need to know.
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Matt Frankel, CFP, is a contributing Motley Fool stock market analyst and personal finance expert covering financial stocks, REITs, SPACs, and personal finance. Prior to The Motley Fool, Matt taught high school and college mathematics. He holds a bachelor’s degree in physics from the University of South Carolina, a master’s degree in mathematics from Nova Southeastern University, and a graduate certificate in financial planning from Florida State University. He won a SABEW award for coverage of the 2017 Tax Cuts and Jobs Act. He is also regularly interviewed by Cheddar, The National Desk, and other TV networks and publications for his financial, stock market, and investing expertise.
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