But unfortunately, next year's COLA won't be quite as substantial. Because of cooling inflation, Social Security benefits are only going to receive a 2.5% raise in 2025.

While millions of retired Americans will soon see a 2.5% cost of living increase in their Social Security payments, additional Social Security checks might be in the

To qualify for Social Security as a retiree, you need to earn 40 work credits in your lifetime, at a maximum of four credits per year. In 2025, a single work credit is worth $1,810, up from $1,730 in 2024. So if you want your four work credits for the year, you'll need to make sure your wages equal at least $7,240.

The first round of November's Social Security payments have gone out. If you're expecting a check this coming week, we'll tell you when you'll get it.

In an unexpected twist, some Social Security beneficiaries will receive an extra SSI check in November. This anomaly, rooted in the Social Security Administration's 2024 calendar, may surprise those accustomed to monthly payments.