Retirees collecting Social Security receive an annual cost-of-living adjustment, or COLA, to help them keep up with rising prices. The Social Security Administration calculates the COLA based on inflation data,

The latest projections from The Senior Citizens League (TSCL) indicate that the 2025 Social Security COLA will probably be around 2.5%. This rate reflects cooling inflation. It's much lower than COLAs in recent years. In 2024, seniors got a 3.2% COLA, and in 2022 and 2023, COLAs were 5.9% and 8.7%, respectively.

In 2024, Social Security recipients received a 3.2% adjustment. The average retired worker benefit lands at roughly $1,900 per month, so that amounts to a raise of just over $60 per month. Unfortunately, retirees can expect some not-so-good news about the short- and long-term future of Social Security.