Starting January 2025, you'll get an average $50 more in your monthly check thanks to a 2.5% COLA increase!

Good news for Social Security beneficiaries! 

It's an annual increase to help your Social Security payments keep up with rising costs like food and housing.

What Is COLA?

Birthdays 1st-10th: Payment on January 8 Birthdays 11th-20th: Payment on January 15 Birthdays 21st-31st: Payment on January 22

Payment Dates You Need to Know

Retirement benefits Disability benefits Supplemental Income Survivor benefits for spouses and dependents

Who Gets the COLA Increase?

Take your current amount, multiply it by 0.025 (2.5%), and add that to your total!

Want to know your new benefit?

Adjust your budget for rising costs. Build an emergency fund for expenses. Pay down high-interest debt.

Make the Most of Your Extra $50

Learn more about how the increase works and how to plan for it!