Social Security Benefits Are Projected To Rise 2.5% In 2025
Social Security and SSI benefits for more than 72.5 million Americans will increase 2.5% in January 2025. This increase could mean an average monthly bump of about $48 for recipients.
The 2.5% cost of living adjustment will begin with benefits payable to nearly 68 million Social Security beneficiaries in Jan 2025. Increased payments to nearly 7.5 million SSI recipients will begin on December 31, 2024.
Work with your CCR financial professional to stay informed about changes to Social Security. Understanding these trends can help you make more informed decisions whether you're nearing retirement or years away.
Sources:
- https://www.cbsnews.com/news/social-security-checks-2025-inflation-cola-cpi/
- https://www.ssa.gov/cola/
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