Cost-of-Living Adjustment (COLA) Information | SSA
Social Security and Supplemental Security Income (SSI) benefits for more than 72.5 million Americans will increase 2.5 percent in 2025. The 2.5 percent cost-of-living adjustment (COLA) will begin with benefits payable to nearly 68 million Social Security beneficiaries in January 2025.
Social Security Announces 2.5 Percent Benefit Increase for 2025
Oct 10, 2024 · Nearly 68 million Social Security beneficiaries will see a 2.5% COLA beginning in January 2025. Increased payments to nearly 7.5 million people receiving SSI will begin on December 31, 2024. (Note: Some people receive both Social Security benefits and SSI).
2 big changes to Social Security were just announced for 2025
Oct 20, 2024 · The 2.5% COLA that Social Security recipients will get in 2025 will result in the typical retiree getting around $50 more per month in their payments.
2025 Social Security payments: When will the first COLA adjusted ...
22 hours ago · In October 2024, the average Social Security check paid to a retired worker was $1,924.35, and once the 2.5 percent COLA is applied, those checks will increase in value by $48.10 to $1972.45.
Cost-of-Living Adjustment (COLA): Based on the increase in the Consumer Price Index (CPI-W) from the third quarter of 2023 through the third quarter of 2024, Social Security and Supplemental Security Income (SSI) beneficiaries will receive a 2.5 percent COLA for 2025. Other important 2025 Social Security information is as follows:
How the 2025 COLA will change your benefit - CBS News
Oct 10, 2024 · People receiving SSI will get their new 2025 COLA with their December 31, 2024, payment. During the past three years, seniors received above-average cost-of-living adjustments as inflation...
Social Security is boosting benefits in 2024. Here's when ... - CBS News
Dec 19, 2023 · The nation's 72 million Social Security recipients are just days away from getting a boost to their monthly benefits. The 2024 cost-of-living adjustment, or COLA, has been set for a 3.2% bump...
2025 Social Security COLA increase: How much will benefits go up? - CNBC
Oct 16, 2024 · Social Security checks are getting bigger in 2025. The Social Security Administration has announced a 2.5% cost-of-living adjustment (COLA) to benefit checks starting in 2025. That's down from...
Senior citizens will get only a small boost in Social Security ... - CNN
Oct 10, 2024 · Next year’s COLA is a far cry from the 8.7% adjustment for 2023, which was the highest in more than 40 years and aimed to help senior citizens and people with disabilities cope with the rapid...
Latest Cost-of-Living Adjustment - The United States Social Security ...
The latest COLA is 2.5 percent for Social Security benefits and SSI payments. Social Security benefits will increase by 2.5 percent beginning with the December 2024 benefits, which are payable in January 2025.