Social Security Announces 2.5 Percent Benefit Increase for 2025
If you’re receiving Social Security benefits the amount of benefits that you receive will go up starting on January 1st, 2025. The Social Security Administration has announced there will be a cost-of-living adjustment to benefits starting in 2025. The additional money that you receive from the Social Security benefit increase in 2025 is meant to help pay for housing, food, utilities, and other essentials that have gotten more expensive over the last year.