Social Security's 2025 COLA: Retirees at This Age Will Get the Biggest Raises Next Year
Consider it like this: If the average retired worker benefit at age 70 is $2,068 per month, and Social Security's 2025 COLA is 2.5%, then the average 70 year old will receive an additional $51.70 per month next year. No other age group has a large baseline benefit, so no other group will receive a larger COLA.
Mark Your Calendars: 3 2025 Social Security Cost-of-Living Adjustment (COLA) Dates to Know
Those receiving Supplemental Security Income (SSI) will see a bump to these checks even sooner. These benefits are usually paid on the first of the month, but since Jan. 1, 2025, is a federal holiday, these checks will go out on Dec. 31, 2024.
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October’s Supplemental Security Income payment, worth up to $943, will go out to millions of beneficiaries in 10 days. The ...
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