In May, over 51 million retired-worker beneficiaries received an average Social Security check of $1,916.63, providing a crucial financial foundation for most seniors. A recent Gallup poll found that 88% of retirees rely on Social Security as a major or minor income source. With 90% of retirees struggling to meet expenses without it, the annual cost-of-living adjustment (COLA) announcement is highly anticipated each year. Calculating the COLA involves comparing Consumer Price Index (CPI-W) readings to determine inflation or deflation. Currently, projections suggest a 3% COLA for 2025, which would be the first time in 32 years that four consecutive COLAs exceeded 3%. Despite recent above-average COLAs, retirees have lost purchasing power due to rising prices exceeding benefit increases. With essential expenses like shelter and medical care driving inflation, retirees may face financial challenges even with a 3% COLA increase.