COLA Could Be the Largest We See

We won't learn the official 2025 Social Security cost-of-living adjustment (COLA) until October, but the latest estimates put it somewhere around 2.57%. This is less than the 3.2% boost beneficiaries got this year and well under the 8.7% increase we saw in 2023. A 2.57% increase would add about $49 to the $1,917 average Social Security check as of May 2024. It's not a lot, but it might be the biggest increase seniors can expect for years to come. Below, we'll look at why and what you can do to help stretch your checks as far as possible.

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