All Social Security beneficiaries are getting a 2.5% cost-of-living adjustment (COLA) next year -- or at least they are on paper. This will increase monthly benefit amounts for all recipients, including those claiming spousal Social Security.

Social Security benefits and SSI payments will increase in 2025, helping tens of millions of people keep up with expenses even as inflation has started to cool.'

One of the most important parts of Social Security is the annual cost-of-living adjustment, or COLA. The COLA is designed to help your monthly checks keep up with rising prices for everything from groceries, to medical bills, to the cost of housing. The Social Security Administration announces the next year's COLA in October each year.

Here's when 2025's Social Security Cost of Living Adjustment increases will go into effect. The increase is the agency's lowest in years.

Over the last decade, the cost-of-living adjustment (COLA) increase has averaged about 2.6%. The COLA was 3.2% in 2024. Another significant change in January will be an increase in taxable wages. The maximum amount of earnings subject to the Social Security tax (taxable maximum) will increase to $176,100, up from $168,600.

Social Security beneficiaries have some changes coming in December and January, due to quirks of the calendar and a payment hike.

The Social Security Administration (SSA) recently announced that beneficiaries will get a 2.5% cost-of-living adjustment (COLA) in 2025. The new adjustment will boost the average retirement check

The annual cost-of-living adjustment (COLA) is a crucial component of Social Security, designed to help retirees keep pace with inflation.