How much additional money will retirees receive from Social Security next year? We'll know for sure in only a few weeks. The Social Security Administration (SSA) should announce the 2025 cost-of-living adjustment (COLA) on Oct.

Below are the latest expert predictions for what the 2025 COLA could be as of September 2024. For more, don't miss how to apply for Supplemental Security Income and how to estimate how much in Social Security benefits you could receive .

Social Security's biggest reveal of the year is creeping up quickly, but a majority of its 68 million beneficiaries are liable to be left disappointed.

The latest cost-of-living-adjustment estimate for Social Security benefits next year is expected to be about 2.5%, according to the nonpartisan Senior Citizens League

The inflation data for August gives us a pretty good idea about the likely magnitude of Social Security’s cost-of-living adjustment (COLA) for 2025. This automatic indexing of benefits to keep up with rising prices — always a wonderful feature of our Social Security program — has been particularly valuable in light of the recent bout of inflation.

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The purpose of COLAs is to help Social Security beneficiaries maintain their buying power in the face of inflation. Over time, living costs tend to rise naturally. Keeping Social Security payments stagnant would likely force those who rely on them into poverty through the years.