But when we look back at the data, it becomes clear that a 2.5% Social Security COLA isn't so terrible. In fact, it's a lot more generous than some of the COLAs beneficiaries have seen in the past. In 2024, Social Security benefits rose by 3.2%. The year prior, they increased by 8.7%. And in 2022, a 5.9% COLA came through.

The average couple receiving Social Security benefits in 2024 takes home $3,014 per month. That amounts to more than $36,000 annually. It's a decent chunk of money, but it's probably not enough to cover most couples' retirement expenses alone,

Social Security beneficiaries will soon experience a welcome change when benefits climb due to a cost-of-living adjustment.

Several dates throughout the year are important for Social Security. Here's why retirees should mark Nov. 20 on their calendar.

If you're retired or will be retiring soon, Social Security will likely play a role in your financial future. More than 40% of baby boomers say their benefits will be their primary source of income in retirement,