If you receive Social Security benefits, don’t miss the upcoming announcement of the 2025 cost of living adjustment (COLA). The second week of October is when this ‘raise’ will be announced.

Technically, the Social Security Administration will apply the 2025 COLA to your December 2024 payment. But since you receive Social Security checks in the month after the month they're due, you won't get your first payment with the COLA until January 2025. The exact date depends on the day of the month you were born, as follows:

Social Security is a pivotal program for millions of retired and disabled citizens, giving them monthly payments, but the program is spiraling toward insolvency and the threat of delayed or reduced benefits for citizens.