If you're a senior on Social Security who's hoping for a generous cost-of-living adjustment (COLA) in 2025, then your dreams may have recently been dashed. The nonpartisan Senior Citizens League recently put out a projection for next year's COLA, and so far, 2025's raise is looking to be considerably smaller than 2024's.

At the start of the current year, seniors on Social Security saw their monthly benefits increase 3.2%. Based on what we know so far, next year's COLA might only come in at 2.63%. And while that's certainly not the smallest Social Security COLA on record, it's considerably lower than the last three raises beneficiaries were granted.

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Source Fool.com