Social Security beneficiaries may see a modest increase in their benefits next year, with The Senior Citizens League (TSCL) forecasting on Sept. 11 that the cost-of-living adjustment (COLA) for 2025 will be 2.5 percent, the lowest level since 2021.
It noted that a 2.5 percent increase would raise the average Social Security monthly benefit of $1,920 by approximately $48 per month.