Social Security cost-of-living adjustment for 2025: Here’s how benefits may change
Social Security beneficiaries will soon know the size of their annual cost-of-living adjustment for 2025.
They may be in for a disappointment because if current projections hold true, the increase to benefits could be the lowest since 2021.
The Social Security cost-of-living adjustment, or COLA, could be 2.5% next year, Mary Johnson, an independent Social Security and Medicare analyst, predicted last month.
With that change, the average retired workers’ benefit of $1,920 would rise by $48 per month, according to Johnson’s calculations.
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