Each year, the Social Security Administration (SSA) adjusts benefits based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). What's commonly known as a cost of living adjustment,

An estimated 70.6 million people will have their benefits increased, but it will be less than what they received last year.

Social Security's 2025 cost-of-living adjustment (COLA) is only two days away. If you're one of those 51 million-plus retirees, here's what your increase will probably be. The Social Security Administration (SSA) has nearly everything it needs to announce the 2025 COLA. There's only one missing number.