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How to Find Out What Your 2025 Social Security Increase Will Look Like

Rachel Christian, CEPF®

by Rachel Christian, CEPF®

Senior Writer

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The Social Security Administration has announced a 2.5% cost-of-living (COLA) adjustment to beneficiaries starting in January of 2025 — the smallest increase since 2021. Beneficiaries will receive a notice of their increased monthly payment from the Social Security Administration in December. 

How to Find Out Your 2025 Social Security COLA

You can see your COLA notice online sooner by creating a My Social Security account no later than Nov. 20.

If your COLA isn’t available online yet, you can get an update as soon as it’s posted by enabling account notifications. Log into your My Social Security account, then select email or text notifications under message center preferences.

Or, you can do the math yourself.

Simply multiply your current benefit amount by 0.025 to determine how much your monthly payment could increase.

For example, if you receive an average monthly Social Security benefit of $1,900 (the national average payment), you would multiply that by 0.025 and find that your checks will increase by $48 per month next year.

Roughly 75 million Americans will see the bump in their monthly Social Security benefits or in their Supplemental Security Income payments next year.

The increase, determined by the Department of Labor’s Bureau of Labor Statistics,  is tied to the annual COLA increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers.

The increase has been decreasing in recent years. In 2023, the increase was a historically high 8.7%, and the increase for 2024 was 3.2%.

More from The Penny Hoarder: Retirement Budget 101: 9 Steps to Stretch Your Retirement Savings

How to Create a My Social Security Account

If you don’t already have an account, you can create one anytime. However, only beneficiaries who created an account prior to Nov. 20 will receive their 2024 COLA notice online.

It’s a good idea to create an online account for other reasons, too — especially if you receive Social Security or SSI benefits. Go to www.ssa.gov/myaccount to begin.

With a My Social Security account, you can also:

  • Request a new Social Security card.
  • Set up or change direct deposit.
  • Get your Social Security tax form (SSA-1099).
  • Print a benefit verification letter.
  • Change your address.

To create an account, you’ll need to do the following:

  1. Verify your identity by entering personal information about yourself.
  2. Answer some security questions.
  3. Create a username and password.
  4. Confirm your email address or phone number by entering a one-time security code.

Whether you have an online account or not, you can expect to receive a paper notice in the mail in December.

Related: How to Protect Your Credit Score in Retirement

How Much Money Will the Average Social Security Recipient Get in 2025?

Here’s what that looks like for the average recipient:

  • Retired workers will get an extra $48 a month on average, bringing the average monthly benefit to $1,954.
  • Disabled workers will get an extra $38 a month on average, bringing the average monthly benefit to $1,575.
  • The average individual Supplemental Security Income (SSI) benefit for individuals will increase by $38, bringing the monthly benefit to $1,543.

Some of That COLA Goes to Medicare

There is no such thing as a free lunch. The increase in Social Security benefits is often matched or exceeded with an increase in Medicare Part B Premiums, which are estimated to increase by 5.9% in 2025. Details about the Medicare increase will be available at www.medicare.gov in late November. 

Read on:

Rachel Christian is a Certified Educator in Personal Finance and a senior writer for The Penny Hoarder. Timothy Moore contributed to this report.