Latest U.S. Social Security Administration News

Social Security recipients will get a 2.5% cost-of-living boost in 2025, smaller than in recent past

Oct. 10, 2024 11:14 AM EDT

WASHINGTON (AP) — Millions of Social Security recipients will get a 2.5% cost-of-living increase to their monthly checks beginning in January, the Social Security Administration announced Thursday. The cost-of-living adjustment, or COLA, for retirees translates to an average...

Social Security's scheduled cost of living increase 'won't make a dent' for some retirees

Oct. 09, 2024 12:38 PM EDT

WASHINGTON (AP) — Sherri Myers, an 82-year-old resident of Pensacola City, Florida, says the Social Security cost-of-living increase she'll receive in January “won't make a dent” in helping her meet her day-to-day expenses. “Inflation has eaten up my savings," she said. “I...