Skip to main content
Notice2024-24871

Cost-of-Living Increase and Other Determinations for 2025

Primary source

Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.

Published
October 25, 2024

Issuing agencies

Social Security Administration

Abstract

Under title II of the Social Security Act (Act), there will be a 2.5 percent cost-of-living increase in Social Security benefits effective December 2024. In addition, the national average wage index for 2023 is $66,621.80. The cost-of-living increase and national average wage index affect other program parameters as described below.

Indexed from Federal Register on October 25, 2024.

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.