The United States government is set to issue Social Security checks with Cost of Living Adjustments (COLA) ahead of schedule in 2025.12 These adjustments are designed to help retirees keep up with rising costs due to price inflation. The COLA impacts both Social Security retirement payments and Supplemental Security Income (SSI). The exact percentage increase is yet to be confirmed, but projections suggest an increase of approximately 2.5%. For SSI beneficiaries, the first payment incorporating the 2025 COLA will arrive on December 31, 2024, instead of the usual date of January 1st.45 This is because January 1, 2025, falls on a holiday. The maximum SSI payment on this date will be $943 plus the 2.5% COLA increase.
The United States government is set to issue Social Security checks with Cost of Living Adjustments (COLA) ahead of schedule in 2025.12 These adjustments are designed to help retirees keep up with rising costs due to price inflation. The COLA impacts both Social Security retirement payments and Supplemental Security Income (SSI). The exact percentage increase is yet to be confirmed, but projections suggest an increase of approximately 2.5%. For SSI beneficiaries, the first payment incorporating the 2025 COLA will arrive on December 31, 2024, instead of the usual date of January 1st.45 This is because January 1, 2025, falls on a holiday. The maximum SSI payment on this date will be $943 plus the 2.5% COLA increase.