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Over the last decade, the COLA increase has averaged about 2.6%, according to the SSA.
Nearly 68 million Social Security beneficiaries will see a 2.5% COLA beginning in January 2025.
However, some beneficiaries will get a higher payment a little earlier than that.
Heres a look at three important dates to knowregarding the 2025 COLA.
No specific date was provided.
If you have a my Social Security account, you could view your COLA notice online.
Some people receive both Social Security benefits and SSI.
The first payments will be distributed to recipients whose birthdates fall on the 1st through the 10th.
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