Retirement experts have given their final predictions for how much the Cost of Living Adjustment (COLA) will be ahead of the official announcement next week. The Social Security COLA is designed to help benefits keep up with inflation,

Social Security benefits increase annually thanks to a cost-of-living-adjustment (COLA) that is intended to help benefits rise along with inflation. However, a common perception is that COLAs have failed to keep up with the higher cost of living associated with essentials like food,