The annual Social Security cost-of-living adjustment, or COLA, is an important feature of the program. Many retirees rely on the annual bump in benefits to help make ends meet and keep up with the rising costs of everyday life. Last year, Social Security increased benefits by 3.2%.

While the official COLA will be announced next month, experts following inflation trends month to month can make fairly accurate predictions for what the adjustment will look like

Ensuring that seniors have enough to feed and house themselves with dignity is a major reason why we advocate for a minimum COLA of 3%,” said Shannon Benton, executive direct