The Social Security Administration (SSA) recently announced that millions of Americans’ Social Security benefits and supplemental security income payments will increase by 2.5 percent in 2025.
Beginning in January, the cost-of-living adjustment (COLA) will boost monthly benefits by about $50 on average. The federal government estimates that the average Social Security benefit for retired workers will be $1,976 next year.
In addition to the COLA announcement, the SSA outlined a series of changes to the retirement program for the upcoming year.
Changes to Benefits
The SSA also made inflation adjustments for other beneficiaries.
The maximum Social Security benefit for a worker retiring at the full retirement age of 67 will be $4,108 in 2025, up from $3,822 in 2024….