Social Security's upcoming cost-of-living adjustment (COLA) may offer a rare instance where history is made, but disappointment is the end result.

More inflation data will be needed. Right now, though, the cost-of-living adjustment for 2025 for Social Security benefits could be just average.

With 68 million people receiving Social Security benefits, many are anticipating the official COLA increase announcement for 2025 by the Social Security Administration. Each year, the SSA announces an adjustment for how much it will pay beneficiaries due to inflation.