The Social Security Administration (SSA) annually changes the benefits of Social Security. The changes affect all retirees receiving them, especially those who depend on them to meet most of their monthly expenses.
Earlier in October, the SSA announced the changes for the upcoming year. The most significant benefit to seniors is the cost-of-living adjustment (COLA).
The COLA for 2025
Inflation has affected everyone in the past few years. It was the highest in 2022; those with lower incomes may have felt more impact than others. Prices in almost every category rose significantly, making it difficult for many to meet their basic needs. Unfortunately, the high prices—particularly for rent and food—have not decreased, and even though inflation rates are now lower, inflation persists.
