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,

Due to how the Social Security Administration schedules payments to beneficiaries, some will receive theirs with the 2025 COLA increase in December.

A free my Social Security Account will allow recipients to view the latest COLA notices detailing the exact amount they will receive starting next year.

Last month, annual inflation rose by 2.6%, which means that it's already outpacing the 2.5% COLA seniors are in line for in 2025. If that trend continues, Social Security recipients could end up losing out on tons of buying power.

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,