2025 Brings a Raise: How Much More Social Security Recipients Will Receive This Year
Millions of Social Security recipients are starting 2025 with good news: a 2.5% Cost-of-Living Adjustment (COLA) is boosting their monthly payments. The Social Security Administration (SSA) announced the increase in October 2024, and the updated payments started rolling out in January. For the average recipient, this means around $50 more each month—welcome relief for many…