Prediction: 2025's Social Security COLA Won't Be Terrible News After All

Millions of older Americans rely on their monthly Social Security benefits to make ends meet. And thankfully, those benefits are eligible for an annual cost-of-living adjustment, or COLA.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. However, because those benefits get a boost from year to year in line with inflation, seniors can keep up with their expenses to a reasonable degree, even if Social Security is their primary income source.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool