Here's what changes are coming to Social Security in 2025
Social Security beneficiaries will soon experience a welcome change when benefits climb due to a cost-of-living adjustment.
Social Security 2025: Here's Are the Good (and Bad) Changes Retirees Can Expect
The first piece of good news is that beneficiaries will see a 2.5% bump in benefits beginning in January, thanks to the cost-of-living adjustment (COLA). The average retiree collects just over $1,900 per month in benefits, which amounts to a raise of roughly $50 per month.
Next year's 2.5% Social Security COLA isn't so bad when you consider this
But when we look back at the data, it becomes clear that a 2.5% Social Security COLA isn't so terrible. In fact, it's a lot more generous than some of the COLAs beneficiaries have seen in the past. In 2024, Social Security benefits rose by 3.2%. The year prior, they increased by 8.7%. And in 2022, a 5.9% COLA came through.
Liz Weston: How does Social Security calculate estimates of future benefit amount?
A while back, you responded to a letter writer that Social Security’s estimates of the amount a person will receive assumes the person will continue working until they apply for benefits. I thought the amount a person receives was based on the average of the highest 30 years’ of earnings over a person’s entire career.
Gear Up for These 3 Surprising Social Security Changes in 2025
Social Security has been in the news a lot given the program's financial shakiness and the potential for benefit cuts. And whenever there's an election, Social Security tends to be a big issue for politicians to discuss. Because of this, you may have ...
Social Security Approaches Its Day of Reckoning
Social Security is very popular with Americans. Large majorities of Democrats and Republican like the program and want it to continue with no cuts in benefits, no increase in costs to taxpayers, and no real reforms of any kind.
The Social Security Fairness Act is now in the hands of the Senate. Here's what could happen next.
The Social Security Fairness Act, which would increase benefits for 2.8 million retirees, has bipartisan support but time ...
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Trump promised to eliminate taxes on Social Security benefits, but don't bank on it yet
Every retiree in the country, I'd imagine, heard President-elect Donald Trump's promise to eliminate taxes on Social ...
9 States Tax Social Security Benefits -- Is Yours One of Them?
The bulk of U.S. states don't tax Social Security at all. However, nine still have some sort of Social Security benefit taxes ...
Social Security Update: Checks of up to $4,873 To Be Paid Out This Week
The Social Security Administration (SSA) distributes benefits each month to retired Americans, people with disabilities, and surviving family members of deceased workers. With multiple types of ...
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Social security recipients will see an increase in 2025 — and an extra check in November
While millions of retired Americans will soon see a 2.5% cost of living increase in their Social Security payments, ...
What Will Happen to Social Security After Trump Takes Office?
Readers are concerned that his campaign proposals would put Social Security’s finances on thinner ice, endangering their ...
Trump Won the Election: 2 Changes That Could Be Coming to Social Security in the Next 4 Years
Throughout his long 2024 campaign to retake the White House, President-elect Donald Trump made a number of promises regarding ...
Social Security Fairness Act: Bill to raise benefits for some passes House
A Social Security-related bill with bipartisan support would expand benefits for workers who are also eligible for other ...
Social Security update: December direct payment worth $943 goes out in 11 days
The Supplemental Security Income payment for the month of December, worth up to $943, goes out to millions of beneficiaries ...