The Social Security Administration announced Thursday that the COLA for for 2025 will be 2.5%. The increase last year was 3.2%. In 2025, the average person will see their monthly payments increase by $50, from $1,907 to $1,957.

Retirees across the United States now know how big of a raise they'll receive next year. The Social Security Administration (SSA) announced last week that the 2025 Social Security cost-of-living adjustment (COLA) will be 2.5%.

Social Security payroll tax limit increases for 2025. Here's how that may affect you. In 2025, millions of retired Americans will see a 2.5% cost-of-living adjustment for benefit payments, according to the Social Security Administration. But a lesser-known tax change will also impact higher-income workers.

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By Naveen Athrappully Contributing Writer Scammers are targeting Americans receiving Social Security payments related to the annual cost of living adjustments, according to the Social Security Administration.

The Social Security Administration announced the cost-of-living adjustment (COLA) for next year and set the number at 2.5%, the lowest adjustment since 2021. This means on average, retirees will see a monthly increase of just $49 per month,