Below, we'll detail the specifics of the 2025 COLA increase and what it means for you. For more, here's our essential Social Security cheat sheet, and don't miss the Social Securi

This adjustment will be the smallest since 2021, which saw a COLA of 1.3%. While many retirees may be disappointed at the smaller raise, there's still good news ahead. Read More:

The Social Security Administration announced it would be increasing benefits by 2.5% to account for cost-of-living adjustments in January 2025. On average, this means that beneficiaries will see an extra $50 in their monthly benefits allotment.