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- Cost-of-Living Adjustment (COLA) Information | SSA
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
- Latest Cost-of-Living Adjustment
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
- Cost-Of-Living Adjustments
Prior to 1975, Social Security benefit increases were set by legislation The first COLA, for June 1975, was based on the increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) from the second quarter of 1974 to the first quarter of 1975
- Social Security Changes - COLA Fact Sheet
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
- Cost-Of-Living Adjustment (COLA)
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 Benefit tables where special eligibility rules apply
- How much will the COLA amount be for 2025 and when will I receive it?
This is the annual cost-of-living adjustment (COLA) By law, federal benefits increase when the cost of living rises, as measured by the Department of Labor's Consumer Price Index for Urban Wage Earners and Clerical Workers
- Application of COLA to a Retirement Benefit
A COLA increases a person's Social Security retirement benefit by approximately the product of the COLA and the benefit amount The exact computation, however, is more complex
- Social Security Announces 2. 5 Percent Benefit Increase for 2025
Over the last decade the cost-of-living adjustment (COLA) increase has averaged about 2 6% The COLA was 3 2% in 2024 Nearly 68 million Social Security beneficiaries will see a 2 5% COLA beginning in January 2025 Increased payments to nearly 7 5 million people receiving SSI will begin on December 31, 2024
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