Are You Eligible for a Social Security Raise in 2025? Find Out Now!
Millions of Americans receiving Social Security benefits are set to see their monthly checks rise in 2025, thanks to a 2.5% Cost-of-Living Adjustment (COLA). This annual adjustment is designed to help beneficiaries keep up with inflation and rising living expenses. Here’s everything you need to know about how this change affects you.
How Much More Will You Get?
The 2.5% COLA increase will boost the average monthly Social Security payment from $1,927 in 2024 to $1,976 in 2025. That’s an extra $49 per month for the typical retiree.
For those who delay claiming their benefits until age 70, the maximum monthly payment will rise significantly, from $4,873 to $5,108. If you retire at full retirement age, your maximum benefit is now $4,018, while early retirees at age 62 can expect a maximum of $2,831, up from $2,710 in 2024.
Who’s Eligible for Social Security?
To qualify for Social Security benefits, you need to have worked for at least 10 years, earning a minimum of 40 credits. Your benefit amount depends on your earnings over the highest 35 years of your career.
The payment schedule is tied to your birth date:
- If your birthday is between the 1st and 10th of the month, payments are issued on the second Wednesday.
- If your birthday is between the 11th and 20th, expect payments on the third Wednesday.
- Those born after the 21st receive payments on the fourth Wednesday of the month.
For instance, payments in January 2025 were sent out on the 8th, 15th, and 22nd, corresponding to these dates.
Key Legislative Changes in 2025
In January 2025, President Joe Biden signed the Social Security Fairness Act into law. This new legislation eliminates the Windfall Elimination Provision and the Government Pension Offset, which previously reduced benefits for certain public-sector workers.
Now, nearly three million public employees – including teachers, police officers, and firefighters – will see their benefits increase. On average, affected beneficiaries will receive an extra $360 to $1,190 per month.
What Should You Do Next?
Stay proactive about your Social Security benefits. Log into the “my Social Security” portal to review your personalized benefits statement and update your personal details. This platform also allows you to explore how the 2025 changes may impact your finances.
With larger Social Security checks and legislative changes benefiting millions, now is the time to reassess your financial plans for retirement. These updates are designed to bring more financial stability, so make the most of them to secure your future.
