Social Security's cost-of-living adjustment (COLA) for 2025 will be announced this month. It will have far-reaching implications for the more than 65 million Americans who receive benefits.

If you're among the many retirees today who rely on Social Security to make ends meet, then you may be eager to find out what your 2025 cost-of-living adjustment (COLA) will amount to. The purpose of Social Security COLAs is to help beneficiaries maintain their buying power from year to year as inflation drives the cost of living upward.

Today's wealthiest Social Security beneficiaries rake in a whopping $4,873 per month. That's more than $58,000 per year, and they'll get even more in 2025. These seniors will get the same cost-of-living adjustment (COLA) as everyone else starting in January.