Starting January 2025, you'll get an average $50 more in your monthly check thanks to a 2.5% COLA increase!
It's an annual increase to help your Social Security payments keep up with rising costs like food and housing.
Birthdays 1st-10th: Payment on January 8 Birthdays 11th-20th: Payment on January 15 Birthdays 21st-31st: Payment on January 22
Retirement benefits Disability benefits Supplemental Income Survivor benefits for spouses and dependents
Take your current amount, multiply it by 0.025 (2.5%), and add that to your total!
Adjust your budget for rising costs. Build an emergency fund for expenses. Pay down high-interest debt.
Learn more about how the increase works and how to plan for it!