Bad news for retirees: Social Security’s new COLA prediction is out

New predictions for the Social Security COLA have been released, presenting unfavorable news for retirees. These early estimates suggest potential impacts on benefit adjustments before the formal announcement. The official COLA announcement is scheduled to take place in October, which will provide the definitive figures for the upcoming period. Retirees must wait until this official date to confirm the exact changes to their payments as the government finalizes the calculations for the next cycle.