Key Points Arguably, no announcement is more anticipated than the annual cost-of-living adjustment (COLA) reveal, set for Oct. 14. Two of President Trump’s policies are boosting consumer prices and lifting projections for next year’s Social Security raise. In addition to a first-in-30-year event, tens of millions of retirees should enjoy their first silver lining since 2023. The $23,760 Social Security bonus most retirees completely overlook › For most retirees, Social Security provides more than just a monthly paycheck. According to a quarter-century of annual surveys by national pollster Gallup, Social Security income is, in some capacity, necessary for between 80% and 90% of retirees to make ends meet.
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