How COLA works
COLA is using a specific formula to ensure benefits keep up with inflation. Last year, benefits increased, by 3,2%, so the beneficiaries claimed $50 extra per month.
COLA is usually announced in the fall, considering that it uses third-quarter inflation numbers. So, the cost-of-living adjustment amounts will be announced on October 10, this year. However, nothing changes until next year. The benefits will be paid to beneficiaries starting from January and the exact amounts for each individual will be announced earlier, in December.
Cost-of-living adjustments are extremely important to keep up with inflation and help retirees cover their monthly expenses, that is why everyone is waiting for the next year’s plan.
Here are the 3 most important changes regarding the 2025 Social Security benefits:
1. Social Security cost of living adjustment
The adjustment is more likely to be smaller than in 2024. The projected COLA for 2025 is 2.5%. It’s best on the August CPI numbers, which is the second of three sets of numbers the SSA will use to determine the 2025 COLA.
It’s important to remember that a decline in the inflation rate means prices will rise more slowly, but it doesn’t address the already high costs of essentials like food, utilities, or housing that many people find difficult to afford. The Kiplinger Inflation Outlook noted in July that grocery and energy prices have remained fairly stable and that housing expenses are expected to decrease more than they currently have.
29 Responses
Thank you for your information it was beneficial
Trump will fix it.
Every time Democrats are in office, the 3 months where the COLA is decided, suddenly prices come down ( lowering the COLA ) even the 2022 – 2023 8.9 % was lower than the Inflation before and after August to October ( before the 3 months its decided inflation was hitting 12 % and more. )under Obama in 2013 and 2014 there was 0 COLA, as Obama announced ” it will cost you nomore to live in the country this year, as it did last year ” 2 weeks later Gas was almost $4.00 a gal
Who wants to vote for Kamala since she has stated she will take money from Social Security to give to illegal aliens for health insurance and income.
Ms. Harris said no such thing
That was Trumps big idea not the VP , he also wants to end medicated . VP was going to raise wages not cut them
That is really about the biggest lie I have ever heard.
That is the biggest lie I have ever heard… I mean really!!
Please provide evidence for tht claim, Ruth. When & where did Harris say that? I’ve done a google search and not been able to find it.
Well, no worries since she lost – by a whisker. Where had you read that?
No problem, you will be losing some SS, theDOGE pair will be cutting the fed budget by 1/3 an plan on making some cuts in SS to achieve that.
As always, the rich get richer and the poor get poorer.
To those folks who think the orange maga cult leader will be so great when he takes office….watch out and no whining if he doesn’t fulfill his…Hummm….promises! Why would anyone think a convicted felon, a convicted sexual abuser, seditionist, and a huge pathological lier should occupy the office of the Presidency of our country is beyond me! He’s not my President!
Ruth, your posting is absolutely false. Kamala NEVER said she would take money from Social Security to give to illegal aliens for health insurance or anything else. If you gullible Republicans think pathological liar Trump will “fix it” as one person has stated, you have been brainwashed and fooled once again by his lies. This is so typical of Republications spewing lies. Suggest you read Project 2025 that Trump continually lies about claiming he knew nothing about Project 2025, when in fact he did all along and even contributed to the drafting of the Project. Once again you and the rest of Trump Supports have been fooled again. Trump has already created immense problems with our country by his threats of initiating tariffs. EVERYONE, including economist have indicated this will bring this Country down so fast. The tariffs will pass those cost onto the consumers. But because of Trumps ignorance, he refuses to listen to people who have experience and are educated, unlike him.
They have turned SS into another welfare system. Also they need to stop “borrowing”from it. It needs to be removed from the general fund and turned back into its own entity again.
Considering the FACT that Drumpf’s Project 2025 intends to eliminate Social Programs…especially Social Security and Medicare ..I think we have a lot to be worried about! I just hope that the fools that voted for him are turbines who pay the most! They better not complain at all! You get what you vote for…unfortunately the rest of us will also pay (and most probably die)!
Headline states there are THREE important changes coming in 2025, but we see only one mentioned: COLA.
What are the the other two changes we can expect?
Wrong information! Retirement age for those born in 1958 is 66 and 8 months. It’s 66 and 6 months for those born in 1957. I know, because I was born in 1957, my sisters were born in 1958 and 1959.
They always raise the ages for retirements and now is going to be when you turn 70 my question why is mandatory to pay medicare when you are turning 65 and why they take it when you turn 70 this is a scam the government is triking us who all our life being paying for our retirement 🤔
The Biden admistration gave the illegals money at the border out of our social security, also gave them medicare insurance. We will never get that put back into the real americans social security and medicare.
He’ll fix it alright, and you’ll be eating out of a dumpster for the rest of your poor, little life.
Trump will cut taxes for the rich and take away benefits from the middle class and poor. This will make living on social security impossible for the average individual.
Small mistake … those born in 1958 reach FRA at 66 and 8 months, not 66 and 6 months as stated in the article.
Ya they want you to wait until you are 70 so that you will be living to make any claimes for a SHORTER TIME !!!!!!!! I paid into the SS system for 55 damn years, I was not going to wait until I was 70 to begin collecting, I was able to start with a somewhat reasonable monthly re paymet ath the age of 66 years of age.
It’s all very calculated with no coincidences.
Well B.S. Kamala!! I believe that if she wants to do that then, she needs to be sued for not getting permission to take money from everyone that is on Social Security, but that is not reality just dreaming….
“The 2025 COLA is probably going to be around 2.5%
According to The Seniors Citizens League (TSCL), the 2.5% would add $122 per month to the beneficiaries’ checks. That is another $1,464 per year.”
Your numbers are absolutely absurd, ridiculous, total BS.
In order to receive a $122 per month increase, a Social Security check would have to be about $5000.
WHAT A FUCKING JOKE
Democrats only care aboit illegal aliens and hate American citizens.
What a bunch of wasted time reading this. You just kept saying the same thing over and over
I’m hoping everything will workout regarding the gas, food, and the utilities. It’s all in the hands of the NEW President of the U.S. If not nothing will change. Never give up, I want my retirement and I don’t want to wait until 67. I worked all my life including taking care my adult kids and my mother she died at 97. I’m tired chasing the money. God always provide. God have faith so my retirement is around the corner. Thank God!
Good bye corporate America.