The 2.5 percent cost-of-living adjustment (COLA) will begin with benefits payable to nearly 68 million Social Security beneficiaries in January 2025. Increased payments to nearly 7.5 million SSI recipients will begin on December 31, 2024.

The latest COLA is 2.5 percent for Social Security benefits and SSI payments. Social Security benefits will increase by 2.5 percent beginning with the December 2024 benefits, which are payable in January 2025.

We determined a 2.5-percent COLA on October 10, 2024. We will announce the next COLA in October 2025. Social Security program information. COLA History; How the COLA is applied to Social Security retirement benefits; Effect of the 2.5-percent COLA on average Social Security benefit amounts

COLA determination. SSI payment rates increase with COLA. Since 1975, Social Security general benefit increases have been cost-of-living adjustments or COLAs. The 1975-82 COLAs were effective with Social Security benefits payable for June in each of those years; thereafter COLAs have been effective with benefits payable for December.

Cost-of-Living Adjustment (COLA): Based on the increase in the Consumer Price Index (CPI-W) from the third quarter of 2023 through the third quarter of 2024, Social Security and Supplemental Security Income (SSI) beneficiaries will receive a 2.5 percent COLA for 2025. Other important 2025 Social Security information is as follows:

Cost-of-Living Adjustment (COLA): Based on the increase in the Consumer Price Index (CPI-W) from the third quarter of 2021 through the third quarter of 2022, Social Security and Supplemental Security Income (SSI) beneficiaries will receive an 8.7 percent COLA for 2023. Other important 2023 Social Security information is as follows: Tax Rate

cost-of-living adjustment (COLA) is to ensure that the purchasing power of Social Security benefits and SSI payments is not eroded by inflation. The COLA is determined on a yearly basis. The average CPI-W for the third calendar quarter of the . most recent year a COLA was determined is compared . to the average CPI-W for the third calendar ...

El 2.5 por ciento de ajuste por costo de vida (COLA, siglas en inglés) comenzará con beneficios pagaderos a casi 68 millones de beneficiarios del Seguro Social en enero de 2025. El aumento de los pagos a aproximadamente 7.5 millones de destinatarios de SSI comenzará el 31 de diciembre de 2024.

Oct 10, 2024 · On average, Social Security retirement benefits will increase by about $50 per month starting in January. Over the last decade the cost-of-living adjustment (COLA) increase has averaged about 2.6%. […] Continue reading "Social Security Announces 2.5 Percent Benefit Increase for 2025 " →

Oct 10, 2024 · Each year we announce the annual cost-of-living adjustment (COLA). Usually, there is an increase in the Social Security and Supplemental Security Income (SSI) benefit amount people receive each month, starting the following January.