Tens of millions of older Americans will see an increase in benefits this January when a new cost-of-living adjustment is added to Social Security payments. The 2.5% raise is intended to help meet higher prices for food, fuel, and other goods and services.

In reality, many older American end up retiring on Social Security alone. And people in that boat unfortunately risk a world of financial hardship -- especially when Social Security benefits don't rise very much from one year to the next.

Millions of retirees who receive Social Security benefits will see a 2.5% cost-of-living increase to their monthly checks beginning in January

Social Security recipients will see a 2.5 percent bump as part of their cost-of-living adjustment (COLA) for 2025. The increase announced on Thursday marks the smallest in years and is in line

All Social Security checks will get a 2.5% boost next year, thanks to the 2025 COLA. The way the government adds this to your checks is a bit complicated, but you can get a good approximation by adding 2.5% to your existing checks. In the case of the $910 average spousal benefit, the COLA will add about $23, bringing it to $933 per month.

The Social Security Administration just announced how much more recipients will get in 2025 following its cost-of-living adjustment.

New York — Tens of millions of older Americans will see an increase in benefits this January when a new cost-of-living adjustment is added to Social Security payments.

Every October, the Social Security Administration (SSA) announces how much more seniors will receive from the government program the next year due to inflation. The COLA for 2025 will be 2.5%, which is a big step down from the increases received for the last three years.

Now that the 2025 COLA increase has been announced by the Social Security Administration, here's what you need to know.

With the 2025 COLA announcement, the average Social Security check for individual retirees will increase from $1,927 per month to $1,976