We're about a week away from the 2025 Social Security cost-of-living adjustment (COLA) announcement. All beneficiaries will soon be able to estimate how much their checks will increase next year, with the new benefit amounts kicking in during January.

Social Security benefits will be adjusted for inflation in 2025. Find out by how much and when you'll see the increase in your check.

At the current trajectory, retirees could see their benefits cut by 21% in roughly a decade if Congress doesn’t take action. If that happens, a couple retiring in 25 years could lose a combined $908,482 in lifetime Social Security benefits, HealthView Services found.