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A Quick Primer (and a Forecast) About Social Security COLAs

We’re well into the first month of the measurement period for calculation of next year’s Social Security cost-of-living adjustment, and it seems like we’re reading about it every day. With the news cycles spending so much time on the issue, this is a good time to pause and get refreshed on how the COLA process works. GoBankingRates’ Jake Safane, in a post on their website, provides a brief recap of the process, and caps it off with a projection of what a mid-level benefit adjustment could look like for 2025. Read his post here.

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