Social security audits are a very important part of American society. Many Americans receive this benefit only once a month, which is why they rely on it in most cases. But it is true that sometimes this payment is not enough and lags behind due to inflation.

Price inflation is rising sharply every year, which means that American retirees who only receive social benefits have no budget to cover expenses. For this reason Cost of Living Adjustment (COLA) is so important. Thanks to COLA, every retiree receives a slightly larger check each year than the previous year.

When will we receive the Social Security COLA for 2025?

In 2024, our COLA increased by 3.2% and Social Security retirement benefits increased to $4,873.At the same time, the disability benefit is up to $3,822. These are the maximum amounts after the COLA, so it does not mean that all Americans will receive such a large check.

However, this year 2024 is when the new COLA for 2025 will be announced. No matter how much we have, the COLA will not take effect until the first payment next year. So the COLA announcement will happen, but we will have to wait a bit longer for the additional funds to become available in the coming months.

The final announcement of the COLA for 2025 will not be made until the last days of October. The exact date varies from year to year and we don’t have an official date yet, but it is always announced in October. The reason for this is that the COLA is calculated via the CPI-W for July, August, and September. The U.S. government calculates and announces the COLA after taking inflation into account at that time.

What will the Social Security COLA be in 2025?

Although it is still too early to estimate the size of the COLA2025we can assume that it will most likely follow the trend of recent years and closely follow the previous year’s adjustments. However, it is unlikely that we will see an increase of nearly 9% in 2023, which was a record high due to the abnormal inflation rate. Such significant increases are rare and usually only occur under special economic conditions.

However, it’s certain that we’ll have to wait a while to see if there really is another big increase or if it will be more moderate. The final COLA percentage will be affected by factors such as inflation trends, economic forecasts, and government policy decisions, which are still in flux. Therefore, it’s important to stay up to date on developments related to COLAs and Social Security checks. Ultimately, many Americans, especially retirees and those on fixed incomes, rely directly on these checks for financial stability. Annual COLA adjustments play a key role in ensuring the purchasing power of Social Security benefits in the face of rising living costs.