Senior Citizens League Announces 2025 COLA Projection Social Security Benefits Set for 2.5% Increase
The Senior Citizens League has released an updated Cost of Living Adjustment (COLA) projection for Social Security benefits in 2025, forecasting a 2.5% increase. Known for its accurate predictions, the organization offers Supplemental Security Income (SSI) recipients a glimpse of what their future payments might look like.
What is SSI and Who is Eligible?
SSI payments assist low-income Americans who are either disabled, blind or aged 65 and above. Individuals who qualify can receive up to $943 per month. If you meet these criteria and aren’t receiving these payments, now may be a good time to apply.
2025 COLA Projection Details
According to the Senior Citizens League, Social Security benefits are expected to rise by 2.5%. SSI recipients are also likely to benefit from this projected increase. However, the final figure depends on September’s inflation data. If inflation holds steady, the projection is expected to come to fruition, similar to the League’s accurate forecast for 2024.
While a 2.5% increase may seem modest, it ensures that beneficiaries won’t see reductions in their payments. It’s a vital lifeline for many relying on Social Security, especially in challenging economic times.
How the 2025 COLA Will Impact SSI Benefits
For those receiving the maximum SSI benefit of $943, the 2.5% increase will raise their monthly payment to $966 — an extra $23 per month. Over a year, this amounts to an additional $282.
Married couples eligible for the maximum benefit of $1,415 can expect to see their payments increase to approximately $1,450, adding $35 per month to their income. Though not a significant jump, every bit helps, particularly for individuals and couples on fixed incomes.
The 2025 COLA will offer a financial boost, helping recipients better manage rising costs in essential areas such as healthcare, housing, and groceries.