Social Security COLA Update: Here's How Much the Average Benefit Will Increase in 2025
The wait is over. On Thursday, the Social Security Administration (SSA) announced the cost-of-living adjustment (COLA) for 2025. Beginning in January, more than 72.5 million Americans will receive a 2.5% increase in their benefits. What will this adjustment mean in dollars and cents? Here's how much the average benefit will increase in 2025.