:

What is your Social Security raise for 2025? Understanding the 2.5% COLA Increase

The Social Security Administration announced on October 10, 2024, that the Cost-of-Living Adjustment (COLA) for 2025 will be 2.5%, the smallest increase since 2021. For many, this raise will translate to a modest increase in monthly payments, impacting financial planning for millions of Americans who rely on these benefits.