2025 COLA Increase
October 10, 2024/
Social Security Announces 2.5 Percent Benefit Increase for 2025
Social Security and Supplemental Security Income (SSI) benefits for more than 72.5 million Americans will increase 2.5% in 2025.ย Theย 2.5 percent cost-of-living adjustment (COLA)ย will begin with benefits payable to Social Security beneficiaries in January 2025. Increased payments to SSI beneficiaries will begin on December 31, 2024.ย On average, Social Security retirement benefits will increase by about $50 per month.
Read more on the Social Security Administration website.
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