2025 Social Security Updates: Major Changes That Will Impact Retiree Finances
Social Security updates are always implemented annually in order to assist its 72 million beneficiaries adjust to economic and administrative realities. These changes could be a little confusing, especially for new system users, but even experienced recipients might be taken aback by some updates. For 2025, a few key updates are worth knowing, especially among retirees and disabled beneficiaries, which comprise a great majority of the recipients. COLA The cost-of-living adjustment (COLA) for 2025 will rise by only 2.5%. The inflation continues to cool after the jump it saw over the previous year, but this modest cost-of-living increase is a disappointment for many retirees, who are seeing so many other costs rising. This translates to an average increase of approximately $49 a month for retirement beneficiaries. Adjustments apply not only to retirement but also to disability, survivor, and family benefits for all … Read more
