Social Security Administration Announces 2.5% Increase for 2025
Tuesday, 15 October 2024, 10:29
Social Security Increase in 2025: Overview
The Social Security Administration's announcement regarding a 2.5% Cost-of-Living Adjustment (COLA) for 2025 is a significant development for seniors & retirement beneficiaries. This increase aims to support economic stability amid rising living costs.
Key Details of the Announcement
- COLA for 2025: 2.5%
- Last year’s increase was 3.2%
- Average monthly payment will rise accordingly
How to Apply for Changes
Understanding the process to apply for adjustments in benefits is crucial. Seniors & retirement individuals should stay informed on updates from the Social Security Administration for accurate application guidance.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.