Key Social Security Changes Coming in 2025
TL;DR Summary
In 2025, the full retirement age for Social Security will increase, with those born in 1960 and later reaching full benefits at age 67. This change is part of a gradual adjustment initiated by a 1983 law to align with longer life expectancies. Additionally, 2025 will see a smaller cost-of-living adjustment of 2.5%, an increase in maximum taxable earnings to $176,100, and the introduction of appointment-based services at Social Security offices.
Topics:business#benefits#cost-of-living-adjustment#economy#retirement-age#social-security#taxable-earnings
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