Social Security recipients will see their monthly payments inch up by only 2.5% next year, as the steady decline in inflation puts a damper on the program’s annual cost-of-living-adjustment, the Social Security Administration announced Thursday.

Social Security's 2025 cost-of-living adjustment is 2.5%, the smallest rise since 2021 and likely not enough for seniors to keep up with inflation.

Tens of millions of Social Security recipients will learn Thursday how big a cost-of-living boost they’ll get to their benefits next year

Senior groups say the COLA likely won't meet the higher costs seniors are facing on inflation on everything from groceries to healthcare.

The annual cost-of-living adjustment parallels a Consumer Price Index for wage earners, which does not fully account for retirees’ health-care costs.