However, that number could wiggle upward or downward, depending on how an official inflation reading for September shakes out. Either way, though, you should expect 2025's Social Security COLA to be lower than the 3.2% raise that came through at the start of 2024.

The Social Security Administration will announce the 2025 cost-of-living adjustment (COLA) on Oct. 10, 2024. Until then, you can only make your best guess as to what it's going to be. The existing data suggests the COLA will be lower than what program recipients have seen in recent years.

Social Security plays a vital role in the lives of millions of Americans. Each year, retirees eagerly await the announcement of the cost-of-living adjustment (COLA) to their benefits. The COLA helps ensure that Social Security payments keep pace with inflation.

The average monthly Social Security benefit today is about $1,920. And if 2025's Social Security COLA ends up being 2.5%, that results in an average increase of $48 a month. But if the cost of Medicare Part B rises by $12 a month, it'll shave 25% of that increase off, leaving the typical senior with just $36 extra per month instead.

Because Social Security benefits are for life, they should be able to keep up with inflation over the decades. While the COLA may sound simple and straightforward, the program is facing some issues that could affect your retirement in 2025 and beyond.

Almost every essential good has risen across the board in recent years, and that has many seniors concerned. Indeed, if the annual cost of living adjustments (COLA) put forward by the SSA can't or don't match the real rising costs seniors face,

That said, you don't necessarily have to wait until October 10 to find out everything you need to know about 2025's Social Security COLA. Here's some information that's already av

As we approach the end of 2024, the Social Security Administration (SSA) is set to conclude its Cost of Living Adjustment (COLA) payments for the year.