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 Social Security Administration (SSA) will announce the 2025 COLA on Oct. 10, 2024. That's the day the Bureau of Labor Statistics releases its inflation data for September. The CPI-W for September is the only missing piece of information needed for SSA to calculate next year's adjustment.

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.