The Social Security Administration approved the new 2025 COLA increase on October 10, 2024. The Agency revealed the new cost-of-living number after the CPI-W for September was made public.
In fact, it’s less than what retirees and other Social Security recipients thought it would be. And because of this, they are feeling disappointed. In fact, the 2025 COLA increase has only been 2.5%.
The 2025 COLA increase for survivors
People usually think of retirement benefits when they hear about the 2025 cost-of-living adjustment. The Social Security Administration does give money to people who are not retired, though.
For instance, people who get Supplemental Security Income (SSI) also get more money, even if it comes from the federal government. Before the COLA raise, the Social Security Administration says that a widowed mother with two children gets about $3,669 a month.
The average payment for a widowed woman with two children will be about $3,761 after the cost-of-living adjustment in 2025. This means that their average will go up by about 92 dollars.
What is the estimated average payment after COLA for an aged widow or widower on their own?
The average payment for an elderly widow or widower will be about $1,832 after the cost of living raise. This is because they don’t get any extra money because they don’t have any eligible children.
At this time, the amount is about $1,788 for an older widow or widower living alone. This means that they will get an extra 44 dollars on average. They will get an extra $528 in a year.
If your payment amount has changed, all you have to do is log in to your my Social Security account to see what it is. But if you want to figure it out on your own, follow these steps.
For every $100 you get from Social Security, you will get an extra $2.50. Getting $1,000 is the same as getting ten times $2.5. That adds up to $25 more each month. That’s $1,025 a month.
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