2025 Social Security Benefits to Increase by 2.5%
Washington, D.C. – The Social Security Administration (SSA) has announced a 2.5% cost-of-living adjustment (COLA) for 2025. This increase will affect more than 72 million Americans who receive Social Security benefits, including retirees, disabled individuals, and survivors.
Washington, D.C. – The Social Security Administration (SSA) has announced a 2.5% cost-of-living adjustment (COLA) for 2025. This increase will affect more than 72 million Americans who receive Social Security benefits, including retirees, disabled individuals, and survivors.
The COLA is calculated annually based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), which measures the average change in prices for 1 goods and services purchased by urban wage earners and clerical workers. The 2.5% increase for 2025 reflects the rising cost of living over the past year.
The increased benefits will begin with payments received in January 2025. Social Security beneficiaries will receive a notice in the mail in December 2024 with their new benefit amount.
This COLA increase is important news for millions of Americans who rely on Social Security benefits for their income. It will help to offset the rising cost of living and provide some financial relief.
