There's an annual cost-of-living adjustment to Social Security to protect the buying power of benefits from inflation.
since the Labor Department won't publish the September Consumer Price Index—the last piece of data the SSA needs to officially calculate the 2025 COLA
However, The Senior Citizens League, a nonprofit advocacy group, estimates that benefits will rise 2.6% next year.
that would be the smallest raise, in terms of percentage points, for retired workers since 2021. That, however, would mean a hypothetical 2.6% COLA translates to a bigger raise
Social Security depends on his lifetime earnings and claiming age. More specifically, an inflation-adjusted earnings formula is applied to a worker's 35 highest-paid years in order to arrive at their PIA