Social Security's biggest reveal of the year is creeping up quickly, but a majority of its 68 million beneficiaries are liable to be left disappointed.

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.

After decades of almost no increase, Social Security recipients have enjoyed larger than usual cost of living adjustments (COLA) since 2022. Unfortunately,

Following the July inflation report, the nonpartisan senior advocacy group The Senior Citizens League (TSCL) was forecasting a 2.57% COLA for 2025 (which would round up to 2.6%). Likewise, independent Social Security and Medicare policy analyst Mary Johnson, who recently retired from TSCL, had estimated a 2.6% COLA for next year.

While we're still a few weeks away from the October announcement, it hasn't stopped experts in the field that follow inflation trends to make predictions for what the 2025 COLA in

The Social Security Administration plans to put out a 2025 COLA announcement on Oct. 10. But based on what we know so far, it's looking like seniors may end up disappointed in the number that gets released.

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