social security income

Social Security COLA For 2025 Increases Payments For 72 Million Americans By 2.5%, Lowest In Years

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Social Security COLA For 2025 Increases Payments For 72 Million Americans By 2.5%, Lowest In Years

The Social Security Administration (SSA) announced a 2.5% Cost-of-living Adjustment (COLA) for 2025 in an October 10 press release, increasing Social Security and Supplemental Security Income (SSI) payments for over 72 million Americans. Based on inflation data, the SSA announces COLA hikes every year in October to help Social Security recipients fight inflationary pressures and … Read more