The Social Security cost-of-living adjustment, or COLA, is based on third-quarter inflation data. We just got a look at the numbers from August, and here's what they tell us about the raise Social Security beneficiaries will receive in 2025.
We just got some new inflation data, and here's what it means to your next Social Security raise.
About the Author
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.