In 2025, Supplemental Security Income (SSI) recipients will see an increase in their monthly payments due to the 2025 COLA (Cost-of-Living Adjustment). This adjustment is designed to help beneficiaries keep up with inflation and rising living costs. Here’s everything you need to know about how the 2025 COLA will affect your payments.
How Much Will Your SSI Payments Increase in 2025?
On December 31, 2024, 2025 COLA will take effect, increasing SSI payments by 2.5%. This means for every $100 you receive, you will get an extra $2.50. For example:
- If you receive $943 in November 2024, your payment will rise to $967 on December 31, 2024, thanks to the 2025 COLA increase.
- This means you will get $24 extra per month.
Over the course of the year, this adds up to a $288 increase in your total SSI payments. However, this boost is only available if you remain eligible for the maximum SSI amount in 2025. If your financial situation improves, you may lose eligibility, so make sure to report any changes to the Social Security Administration (SSA).
Will Married Couples Get a Larger Boost?
Yes! Eligible married couples can receive a larger boost, but this will be split between the two individuals. Here’s how it works:
- The maximum SSI payment for couples in 2024 is $1,415, and it will rise to $1,450 in 2025, thanks to the 2025 COLA.
- This means couples will get $35 extra per month, adding up to $420 extra per year.
- Since this amount is split between the two people, each individual will receive $210 extra per year. This is $78 less than what a single person will receive, but it still helps to boost household income.
How Much Will the Average SSI Payments Increase?
The average SSI payment in October 2024 is around $697. With the 2025 COLA increase, here’s how the payments will change:
- An individual receiving $697 per month will see an increase of $204 over the course of the year due to the 2025 COLA.
- Essential persons, who currently receive $472, will see their payments rise to $484 in 2025, thanks to the 2025 COLA. This means they will get an annual boost of $144.
2025 SSI COLA Increases
| Payment Category | 2024 Amount | 2025 Amount | Increase | Annual Boost |
|---|---|---|---|---|
| Individual | $943 | $967 | $24 | $288 |
| Married Couple (each) | $1,415 | $1,450 | $35 | $420 |
| Average SSI Payment | $697 | $714 | $17 | $204 |
| Essential Person | $472 | $484 | $12 | $144 |
FAQ’s
When will SSI payments increase in 2025?
The 2025 COLA increase will take effect on December 31, 2024, and will be reflected in payments made in 2025.
How much will a single person receive in 2025?
A single person eligible for the maximum SSI payment will receive $24 extra per month or $288 extra per year due to the 2025 COLA.
Will couples receive more than single individuals?
Yes, couples will receive more overall, but the 2025 COLA increase will be split between them, with each person receiving $210 extra per year.