Massive 2025 COLA Increase: How Much Extra Money Are You Getting?
Millions of Americans who rely on Supplemental Security Income (SSI), Social Security Disability Insurance (SSDI), and Veterans Affairs (VA) benefits will see higher monthly payments starting January 2025. This increase is thanks to a 2.5% Cost-of-Living Adjustment (COLA) announced by the Social Security Administration (SSA).
This COLA is designed to help beneficiaries keep up with rising prices due to inflation, and the new payment amounts are set to bring welcome relief for many households. Here’s a breakdown of what to expect:
SSI Payments Are Going Up!
Starting in January 2025, SSI recipients will see an increase in their payments. The maximum monthly payment for individuals will rise to $967, up from $943 in 2024. Couples receiving SSI together will now get up to $1,450 per month.
SSI benefits are aimed at people who are aged 65 or older, blind, or disabled and have limited income and resources. If you think you might qualify, you’ll need to meet specific financial criteria, including limits on income and assets.
SSDI Recipients: How Much Extra Will You Get?
If you receive SSDI, you can also expect a boost. The average monthly benefit is estimated to increase to $1,575, though your exact payment will depend on your earnings history and when you started receiving benefits.
The SSA will continue to distribute SSDI payments according to recipients’ birth dates:
- Birth dates 1st–10th: Payments arrive January 8, 2025
- Birth dates 11th–20th: Payments arrive January 15, 2025
- Birth dates 21st–31st: Payments arrive January 22, 2025
VA Benefits See a Welcome Raise
Veterans receiving disability compensation will also benefit from the COLA increase. For example, a veteran with a 50% disability rating will now receive approximately $1,067.87 per month, up from $1,041.82 in 2024.
VA payments are typically issued on the first business day of the month, so January’s payment will be deposited on January 2, 2025.
How to Make Sure You Get Paid
It’s essential to ensure your personal information is updated with the agency managing your benefits. Here’s what to do:
- SSI and SSDI Recipients: Log in to your “my Social Security” account online to review your payment details and ensure your contact info is current.
- VA Beneficiaries: Visit the VA’s eBenefits portal or contact your local VA office to confirm your payment information.
What This Means for You
This increase in benefits is part of the government’s ongoing efforts to help Americans who rely on these programs manage rising living costs. Whether you’re a retiree, a disabled worker, or a veteran, these changes could mean more financial stability in 2025.
If you’re unsure about your eligibility or need more information, now is the time to contact your local Social Security or VA office. Don’t miss out on the extra money that could make a big difference in your monthly budget!
