But a 2.5% COLA for 2025 stings because it's the smallest one to arrive in years. At the start of 2024, seniors on Social Security saw their benefits increase by 3.2%. And the year prior, Social Security recipients got a record-breaking 8.7% COLA. So a raise of just 2.5% seems awfully meager by comparison.

That includes 81% of working baby boomers and 82% of Gen Xers who are worried they may not receive their benefits at retirement age if Social Security funds are depleted.

The House recently passed the Social Security Fairness Act, which would expand benefits for public-sector workers and their families.

The Supplemental Security Income payment for December, worth up to $943, will go out to millions of beneficiaries in eight days. Beneficiaries will receive two checks this month because the next payment is scheduled to be distributed on Nov. 29, as Dec. 1 is a Sunday, and payments are not distributed on holidays or weekends.

A 2.5% cost-of-living adjustment, Medicare Part B premiums and tax liabilities are key changes to watch for that affect 2025 Social Security benefits.

Starting in January 2025, Social Security beneficiaries will see a 2.5% cost-of-living adjustment (COLA), marking the smallest increase since 2021. This modest adjustment reflects a positive

The second round of November’s Social Security payments, worth up to $4,873 for the highest-income earners who retire at age 70, will go out to the second group of retirees in one days. Here is everything you need to know about this month’s Social Security payments.

Most Americans are concerned about what may happen to Social Security when its retirement trust fund crosses a projected 2033 depletion date, according to a new Bankrate survey.