Consider it like this: If the average retired worker benefit at age 70 is $2,068 per month, and Social Security's 2025 COLA is 2.5%, then the average 70 year old will receive an additional $51.70 per month next year. No other age group has a large baseline benefit, so no other group will receive a larger COLA.

If you receive Social Security benefits, you may have your calendars marked for mid-October, as that's when the Social Security Administration typically releases the COLA (Cost-of-Living Adjustment) for the following year.

For retirees, the annual cost of living adjustment (COLA) to social security payments is a very hot topic, and one that certainly is worth paying attention to. Every year, the Social Security Administration (SSA) suggests an inflation-linked increase to social security for seniors.

The Bureau of Labor Statistics (BLS) just released the second of three data points that will determine how much more retirees will receive in Social Security retirement benefits next year. The annual Social Security cost-of-living adjustment,