Here's How Much Your 2025 Social Security COLA Would Be If Kamala Harris Had Her Way

All Social Security recipients will soon receive a raise. On Oct. 10, 2024, the Social Security Administration (SSA) announced that benefits for more than 72.5 million people will increase by 2.5% in 2025. No change has been made to how the annual cost-of-living adjustment (COLA) is calculated since 1975. But many political leaders have wanted to revise the calculation method throughout the years -- including Democratic presidential nominee Kamala Harris. Here's how much your 2025 Social Security COLA would be if Harris had her way.Vice President Kamala Harris. Image source: Official White House photo by Lawrence Jackson.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool