Written By: Anushka
The Cost of Living Adjustment (COLA) ensures Social Security payments keep pace with inflation. The adjustment is determined each year in the third quarter.
Experts project a 2.63% increase in Social Security checks for 2025, lower than the 3.2% increase in 2024.
A 2.63% COLA means the average Social Security check will rise from $1,900 to $1,950 starting in January 2025.
For retirees, the increase will vary: Age 62: $2,710 to $2,781, Age 67: $3,822 to $3,923 and Age 70: $4,873 to $5,001
Survivor benefits will also increase: Average: $1,505 to $1,545, Individual: $1,773 to $1,820 and 2 Children: $3,653 to $3,749
Disability benefits will see a rise: Average: $1,537 to $1,577, Blind recipients: $2,590 to $2,658 and Maximum payment: $3,822 to $3,923
SSI benefits will be paid earlier due to the New Year holiday, with average checks rising from $698 to $716.