All Social Security beneficiaries are getting a 2.5% cost-of-living adjustment (COLA) next year -- or at least they are on paper. This will increase monthly benefit amounts for all recipients, including those claiming spousal Social Security.

In Wisconsin, more than 1.2 million people receive monthly Social Security retirement checks, while more than 100,000 people are on the SSI program.

Here's when 2025's Social Security Cost of Living Adjustment increases will go into effect. The increase is the agency's lowest in years.

One of the most important parts of Social Security is the annual cost-of-living adjustment, or COLA. The COLA is designed to help your monthly checks keep up with rising prices for everything from groceries, to medical bills, to the cost of housing. The Social Security Administration announces the next year's COLA in October each year.

Social Security benefits and SSI payments will increase in 2025, helping tens of millions of people keep up with expenses even as inflation has started to cool.'

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Seniors on Social Security often rely heavily on their yearly cost-of-living adjustments (COLAs) to make ends meet.

Most readers probably know Social Security payments receive annual cost-of-living adjustments (COLA) designed to protect the buying power of benefits from inflation. For instance, beneficiaries will get a 2.5% COLA in 2025, but there are other important changes coming to Social Security next year.

The Social Security Administration has announced of a 2.5% cost-of-living adjustment (COLA) for 2025 -- that's lower than the 3.2% increase in 2024 and 8.7% increase in 2023. The smaller COLA

Among the changes Social Security recipients will see in 2025 is a higher full retirement age. The number marks the age at which workers become eligible to claim 100 percent of their retirement benefit based on lifetime earnings.

For the millions of older Americans who get most of their monthly income from Social Security, annual COLAs, or cost-of-living adjustments, are a big deal. COLAs are designed to boost benefits in line with inflation so that seniors don't lose out on buying power from one year to the next.