Social Security beneficiaries have their eyes on mid-October for the annual cost-of-living adjustment. This is when the Social Security Administration typically announces the adjustment, which determines how much more money people receiving benefits will get in their monthly checks for the following year.
Announced as a percentage increase, the COLA affects everyone receiving benefits, but not just the standard retirement payments. Survivor benefits, Social Security Disability Insurance and Supplemental Security Income will also see a boost come this January.
The SSA makes this adjustment to combat the effects of inflation. The COLA for 2024 is currently at 3.2%, but experts closely watching inflation trends are predicting a lower increase for 2025.
- O ajuste anual de seguridade social é esperado em meados de outubro
- O ajuste afeta benefícios além dos pagamentos de aposentadoria padrão
- Ajustes anuais para acompanhar a inflação são baseados em preços de bens e serviços