The Social Security Administration will officially announce the 2025 cost-of-living adjustment (COLA) on Oct. 10, 2024. It might seem like an arbitrary date to you, but it's not. That's when the government releases the September figure for the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).

While we're still a few weeks away from the October announcement, it hasn't stopped experts in the field that follow inflation trends to make predictions for what the 2025 COLA in

The Cost of Living Adjustment (COLA) is a crucial part of the United States' economics in order to protect people on welfare from the rising costs of inflation so what do experts p

Seniors collecting Social Security receive a raise almost every year to help their checks keep up with the rising cost of living. The government is still a few weeks away from finalizing the numbers to calculate next year's cost-of-living adjustment,

Social Security recipients received a 3.2% adjustment. The average retired worker benefit lands at roughly $1,900 per month, so that amounts to a raise of just over $60 p

Oct. 10 is when September's CPI-W reading is scheduled to be released. Once that happens, the SSA should be able to announce a number of key changes to the program for 2025, including not just an official COLA, but a new earnings-test limit and wage cap.

The purpose of COLAs is to help Social Security beneficiaries maintain their buying power in the face of inflation. Over time, living costs tend to rise naturally. Keeping Social Security payments stagnant would likely force those who rely on them into poverty through the years.