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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