Starting in 2025, millions of Social Security recipients will see larger monthly payments, thanks to a 2.5% cost-of-living adjustment (COLA). This increase, designed to keep up with inflation, will boost benefits for retirees, survivors, individuals with disabilities, and Supplemental Security Income (SSI) beneficiaries. Here’s what you need to know about how these changes could impact your monthly checks.
How Much Will Social Security Payments Increase in 2025?
The 2.5% COLA applies to all Social Security benefits, including retirement, disability (SSDI), and survivor benefits, as well as SSI payments. The maximum monthly federal SSI payments will rise to:
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Maximum Social Security Benefits by Age
While workers can begin claiming Social Security benefits as early as age 62, those payments won’t reflect the full benefit amount. To maximize monthly checks, the Social Security Administration (SSA) advises waiting until full retirement age (67 for individuals born in 1960 or later) or even delaying until age 70.
Here’s the breakdown of maximum monthly benefits by age for 2025:
Delaying retirement past age 67 allows beneficiaries to receive significantly higher payments avoiding the penalty for not waiting until full reitrement age.
How to Estimate Your 2025 Social Security Payments
Social Security benefits are calculated individually, based on your earnings history. If you want a rough estimate of your 2025 payments, simply add 2.5% to your current monthly benefits.
The SSA will notify beneficiaries of their updated amounts in December via mail or their ‘my Social Security’ account.
Original article written by Corina González, translated with the assistance of AI and edited by Greg Heilman.
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