Cost of Living Boosts Retirement Payments to Record Highs – Here’s What You’ll Get in 2025
Social Security and SSI recipients are set to receive a 2.5% COLA increase in 2025, bringing average monthly payments to record highs.
Social Security and SSI recipients are set to receive a 2.5% COLA increase in 2025, bringing average monthly payments to record highs.
The Social Security COLA for 2025 will bring a 2.5% increase to benefits, impacting millions of Americans. This article explores the key dates, eligibility details, and payment schedules for 2025, helping recipients understand how this adjustment affects their benefits.
In 2025, Social Security beneficiaries will receive a 2.5% COLA increase, which will add around $50 to their monthly payments. This increase is designed to keep up with inflation and help recipients maintain their purchasing power. However, rising Medicare premiums may reduce the net benefit increase for many.
In 2025, Social Security benefits will increase by 2.5%, helping retirees cope with rising costs.