Social Security Announces 2025 Check Increase – But a 23% Cut Looms on the Horizon
In 2025, Social Security beneficiaries will see a 2.5% check increase due to the annual cost-of-living adjustment (COLA), aimed at offsetting inflation. However, a 23% reduction in benefits may take effect by 2033 if Congress doesn’t address the Social Security funding shortfall. This article explores the reasons behind these changes, potential solutions, and practical advice for planning around Social Security’s uncertain future.