Consider it like this: If the average retired worker benefit at age 70 is $2,068 per month, and Social Security's 2025 COLA is 2.5%, then the average 70 year old will receive an additional $51.70 per month next year. No other age group has a large baseline benefit, so no other group will receive a larger COLA.

If you receive Social Security benefits, you may have your calendars marked for mid-October, as that's when the Social Security Administration typically releases the COLA (Cost-of-Living Adjustment) for the following year.

The Social Security Administration will announce the official 2025 COLA, the earnings-test limit for 2025 and the wage cap for Social Security taxes on the same day.

Millions of retired Americans collect a monthly Social Security benefit. And without a yearly cost-of-living adjustment (COLA), many seniors would no doubt fall behind financially from one year to the next.

The days of soaring Social Security checks are likely over. Over the last three years, Americans have seen their Social Security checks jump a total of 18.8% as the COLA, or cost-of-living adjustment,