Social Security Announces 2.5 Percent Benefit Increase for 2025
The Social Security Administration (SSA) has finally announced that Social Security (SS) and Supplemental Security Income (SSI) will have their payments increased by 2.5% in 2025. With this increase, SSA forecasts that about more than 72.5 million citizens benefit from it. Starting in January 2025, Social Security retirement benefits will increase by an average of $50 per month. COLA Increase in Comparison to Last Year Now, for the last ten years, the average increase in the cost- of-living adjustment (COLA) …