Inflation is particularly noticeable for people on fixed incomes, like many who receive Social Security. To help offset this, Social Security applies a COLA. For 2025, the COLA will be 2.5%, and while I'm sure retirees appreciate any increase in benefits, many aren't jumping for joy at the amount.

The Social Security Administration (SSA) recently announced that beneficiaries will get a 2.5% cost-of-living adjustment (COLA) in 2025. The new adjustment will boost the average retirement check

Americans can expect an adjustment in their Social Security benefits, as the federal administration plans to roll out several changes to the program starting early next year. Here's what to know about how the program will change starting early next year.

There's perhaps no more important announcement in the context of Social Security than each year's cost-of-living adjustment (COLA). Many seniors rely on Social Security to provide a large chunk of their retirement income.