Social Security Increase for 2025 Projected to Be 2.5 Percent, Lowest Rise Since 2021

Social Security beneficiaries may see a modest increase in their benefits next year, with The Senior Citizens League (TSCL) forecasting on Sept. 11 that the cost-of-living adjustment (COLA) for 2025 will be 2.5 percent, the lowest level since 2021. It noted that a 2.5 percent increase would raise the average Social Security monthly benefit of $1,920 by approximately $48 per month. Though the COLA has been higher in recent years due to record inflation—notably 8.7 percent in 2023 and 5.9 percent in 2022—TSCL’s forecast suggests a return to more typical levels of benefit adjustments. The Social Security Administration (SSA) is set to announce the official COLA for 2025 in mid-October....