When Will the 2025 Social Security Cost-of-Living Adjustment (COLA) Be Announced?
2025 Social Security COLA Announcement
The government calculates Social Security cost-of-living adjustments (COLAs) based on inflation data from the Consumer Price Index for key goods. The 2025 COLA will be determined by the CPI-W data from July, August, and September 2024, with the official announcement expected on Oct. 10.
Expected COLA for 2025
Early estimates projected a 1.4% increase, but recent inflation trends suggest a higher adjustment. Projections have varied from 1.75% to 2.6%, potentially adding $48 to $50 to the average senior's monthly check.
If inflation rates rise further, the 2025 COLA could be more significant. However, it's advised to manage expectations and explore alternative income sources for potential expenses.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.