If it weren't for Social Security, millions of older Americans would no doubt struggle to keep up with their ongoing expenses. That's what makes Social Security's cost-of-living adjustments (COLAs) so important.

Now, with the year winding down, all Social Security retirees should mark Nov. 20 as another date to remember. Here's why. In October, the Social Security Administration (SSA) announced the COLA for 2025.

The second round of November’s Social Security payments, worth up to $4,873 for the highest-income earners who retire at age 70, will go out to the second group of retirees in seven days. Here is all you need to know about this month’s Social Security payments,