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.