Social Security 2025 Cost Of Living Increase Update

Social Security 2025 Cost Of Living Increase Update. More than 72.5 million beneficiaries will see a 2.5% increase to their social security and supplemental security income benefits in 2025, the social security. Inflation continued to cool last year, resulting in a 2.5 percent cola for 2025 for people receiving social security payments, down from 3.2 percent in 2024.

Martin o’malley, former commissioner of social security, said when the increased amount was announced in october: This increase becomes effective in december 2024 , with the first check reflecting the new amount.