The Social Security cost-of-living adjustment, or COLA, for 2025 is a 2.5% increase. That means the monthly benefits checks for more than 72.5 million Americans will see their lowest annual bump in four years. While the smaller COLA is due to the normalization of annual inflation rates, many beneficiaries are concerned.
“Our research shows that 67 percent of seniors depend on Social Security for more than half their income and that 62 percent worry their retirement income won’t even cover essentials like groceries and medical bills,” says Shannon Benton, Executive Director of The Senior Citizens League.
