Social Security Increase For 2025 Announced Definition

Social Security Increase For 2025 Announced Definition. In october, the ssa announced a 2.5% cost of living adjustment (cola) for 2025, which will result in a roughly $50 boost in monthly benefits for americans who receive social. The social security administration has announced a 2.5% increase for 2025, in line with predictions from both the senior citizens league and the center for retirement research at boston.

Several social security changes set to take effect in january 2025 may surprise retirees. That is the smallest benefit increase since 2021 because inflation has trended downward.