Retired-worker benefits can hit a psychologically important level next year, but seniors are still likely to get the short ...

This year, the 2.5% COLA lags behind the current inflation rate of 2.9% (as of January 2025), meaning beneficiaries’ payments fall short of fully keeping pace with rising costs. This year’s ...

In late 2024, inflation was on the rise, with the CPI-W increasing to 2.8% by December. The adjustment didn't reflect this jump because Social Security calculates the COLA based on earlier data.