Cost of Living Adjustment
2024 COLA Boost Explained: Say Goodbye to SSI Payments in January 2025!
Anjali Tamta
The 2025 COLA increases benefits by 2.5%, raising average monthly Social Security payments to $1,976. SSI recipients will receive their January 2025 payment early, on December 31, 2024, due to the New Year’s Day holiday. Plan ahead to manage the longer gap until February.
