Many retirees look forward to Social Security's annual cost-of-living adjustment (COLA), which for 2025 is 2.5%. The COLA technically takes effect in December, with beneficiaries seeing updated payments in January.

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As inflation begins to cool, the Social Security cost-of-living adjustment (COLA) for 2025 has been set at 2.5%. This increase, although modest compared to the previous years, is a crucial lifeline for retirees,

Social Security's 2025 cost-of-living adjustment (COLA) took effect in January. Benefits will increase 2.5% this year, the smallest pay bump for seniors since 2021. Indeed, more than half of retired workers surveyed by The Motley Fool in October said the COLA was insufficient.