Too tired to calculate the new amounts for your Social Security payments? Here is a Social Security COLA increase chart with payment amounts. In this way, you can check the maximum amounts depending on the benefit you qualify for.
For example, if you receive SSI, your COLA increase will also be 2.5%. However, as these payments are lower, the increase will seem smaller. On average, SSI recipients can get a boost of about $17.
Social Security COLA increase chart with payment amounts
First, you will see the maximum amount retirees who file at the age of 70 can receive from Social Security thanks to the Cost of Living Adjustment (2025 COLA increase).
The largest retirement benefit payment will be $5,108, up from $4,873. As you can see, this boost has nothing to do with the 2.5% increase. This is because they follow a different criteria.
Since they are based on the taxable maximum, this contribution and benefit base does not follow the same increase either. So, it is important to check the official amounts SSA states.
When will Social Security include the 2025 COLA increase?
The actual date for recipients to collect the cost of living adjustment increase will depend on the payment you are receiving. So, some recipients will have to wait longer than others.
- SSI cost of living adjustment increase due on December 31, 2024
- SSDI recipients get the cost of living adjustment boost on January 3, 8, 15, and 22
- Retirement recipients get the cost of living adjustment increase on January 3, 8, 15, and 22
Therefore, none of the November or December payments for retirees or SSDI beneficiaries will include the 2.5% increase. Other possible amount you may be keen to know if your payment is worth $2,000, $3,000, or $4,000.These amounts will increase to $2,050, $3,075, and $4,100 respectively. To know your exact amount wait for SSA’s notice or check it on your my Social Security account online.
