Exclude-From-Yahoo: Anticipated Social Security Changes in 2025
Thursday, 29 August 2024, 03:29
Three Major Changes on the Horizon for Social Security
The Social Security Administration will reveal crucial updates in October, but key changes are already anticipated:
- Adjustment in Benefits Calculation: A new formula for calculating benefits could be implemented.
- Increase in Retirement Age: Changes may be proposed, pushing the retirement age higher.
- Cost-of-Living Adjustments (COLA): A significant COLA is on the table following economic trends.
These shifts are vital as they shape the financial landscape for millions of Americans.
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.