The first Social Security retirement payments for 2025 will be sent out next week, reflecting an increase of 2.5 percent owing to the most recent cost-of-living adjustment (COLA).
In October 2024, the Social Security Administration (SSA) announced the COLA, representing the smallest increase in about four years. The adjustment is made in light of inflation for the previous three months.
Retirees who were born on the first through the tenth will get their monthly Social Security payment for January on Jan. 8, while people born on the eleventh through twentieth will receive theirs on Jan. 15, and those born on the twentieth through thirty-first will get their payment on Jan. 22, according to the SSA’s schedule….