Social Security benefits and Supplemental Security Income payments will increase 2.5% for more than 72 million Americans in 2025 as part of the annual cost-of-living adjustment (COLA), the Social Security Administration announced Thursday.
Recipients will see an average benefits increase of about $50 per month, beginning in January 2025, according to a news release.
About 7.
5 million people will receive increased SSI payments beginning December 31, while about 68 million Social Security recipients will see a 2.5% increase beginning in January 2025.
The 2.5% COLA increase for 2025 is in line with the 2.
57% projection from The Senior Citizens League in August.
Individuals who have a my Social Security account can access and view their COLA notice online, in addition to receiving a notice in the mail.
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