The Social Security annual cost-of-living adjustment (COLA) for 2025 is 2.5%, the Social Security Administration (SSA) announced Thursday. This is the smallest increase since 2020, as expected, and follows an increase of 8.7% in 2024. According to the SSA, the 2.5% increase will translate to an additional $49 for the average retiree, increasing the average monthly check from $1,927 to $1,976. Married couples will see an average increase of $75, raising their monthly benefit to $3,089 up from $3,014.
