2025 COLA Increase: What Social Security Beneficiaries Can Expect
Millions of Americans who rely on Social Security benefits eagerly anticipate the yearly Cost-of-Living Adjustment (COLA), which is designed to help keep up with inflation. The Social Security Administration (SSA) determines this adjustment annually, ensuring that payments to beneficiaries reflect changes in the national cost of living.
For 2025, the COLA increase is predicted to be 2.5%, although the final figure will be officially announced in October 2024. This increase will go into effect starting January 1, 2025.
Understanding the Impact of the 2025 COLA Increase
The COLA increase directly affects several categories of beneficiaries, including retirees, disabled workers, and survivors. For 2025, here’s how the predicted 2.5% increase may impact various groups:
Retired Wo...