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The Social Security Administration announced recently that seniors will get a 2.5% benefits increase for the 2025 year. That amounts to around $49 more in monthly benefits for the average retiree.
In 2025, nearly 73 million Social Security and SSI recipients will see their benefits increase by 2.5%. That’s just under the 2.5% by which the average COLA boosted benefits over the last decade.
In fact, in the coming year, Social Security will undergo a number of big changes. ... Social Security benefits will increase by 2.5%. That's actually the smallest COLA to arrive in years.
1. Social Security benefits are getting a modest bump. Let's start with a bit of good news: Social Security benefits will increase by 2.5% in 2025, thanks to the annual cost-of-living adjustment ...
The big Social Security news from the last couple of months has been the 2025 COLA, which came in at 2.5%. This is under the 3.2% increase retirees saw last year. This is under the 3.2% increase ...
Image source: Getty Images. However, given that inflation slowdown, it's been clear for months that seniors would be looking at a smaller Social Security COLA in 2025 than in 2024. And for quite ...
3. Maximum Social Security benefit also set to increase. The maximum Social Security benefit for a worker retiring at full retirement age will increase from $3,822 in 2024 to $4,018 in 2025. This ...
Here are three changes coming to Social Security in 2205 that may surprise retirees. Two Social Security cards sitting atop U.S. currency. Image source: Getty Images.