Trending searches: social security benefits 2025 increase
get ready retirees your social security check is about to change Social Security benefits are set to rise by 2.57% in 2025 thanks to inflation this means an average increase of $47 per month for retirees now it's a bit less than the 3.2% bump from 2024 but every bit helps right here's what you need to know the cost of living adjustment or Cola is automatically included in your benefits whether you retire in 2024 or 2025 as as long as you're 62 or older by 2024 you're in for the increase but hold on there are some caveats Medicare Part B premiums are projected to rise by $10.30 in 2024 plus around 40% of recipients might owe taxes on part of their benefits because income thresholds aren't adjusted for inflation still it's a step in the right direction to help you manage living costs so keep an eye out for the final adjustment announcement this October stay informed and plan ahead that's your quick update on social security for 2025 thanks for watching