The 2025 COLA (Cost of Living Adjustment) may not be as high as Social Security and Supplemental Security Income recipients expected. The Senior Citizens League has just unveiled the most recent figure, and it is not a good one.
The thing is this latest 2025 COLA prediction can be both positive and negative. On the one hand, it could bring an increase in the benefits. Besides, it means prices are not going up. On the other hand, it may bring less money than seniors had expected.
| Important links |
|---|
| Food Stamps |
| PAYMENTS |
| stimulus checks |
| SSDI |
Which is the latest COLA prediction for Social Security recipients in 2025?
The latest 2025 COLA forecast is about 2.57%, down from 2.66%. It is true that there is not a big difference between both figures. However, it means getting less money in 2025 than expected.
Bear in mind that the 2024 COLA was about 3.2%. Once more, it shows a tendency that seems to be going down rather than increasing. Many seniors claim that Cost of Living Adjustments are not enough. Nevertheless, there have been no changes in the way the COLA for Social Security recipients is calculated.
Some claim that it would be better to link it to the Consumer Price Index for Americans 62 years of age and older, or R-CPI-E instead of using the Consumer Price Index for Urban Wage Earners and Clerical Workers.
How much money could Social Security recipients get after the 2025 COLA?
For example, if you are on retirement, SSDI, or SSI and you receive a payment worth 1,000 dollars it will become $1,025.7 in 2025. If your Social Security check is worth $1,500, it will be $1,538 after the 2025 Cost of Living Adjustment boost.
The average payment, as of April 2024, is worth $1,915. Therefore, retirees could get about $1,964.21. As you can see, the higher your monthly payment is, the more dollars you get extra per month.
The average SSDI payment is $1,537, so it could become about $1,576. Supplemental Security Income average payments are worth $698, thus, after the 2025 COLA increase they could be about $715.