Major Social Security Changes and New Retirement Age for 2025
TL;DR Summary
In 2025, Social Security payments will increase by 2.5% due to the cost-of-living adjustment (COLA), affecting retired workers, survivors, SSDI, and SSI benefits. The maximum retirement benefits will also rise, with amounts varying by age: $2,831 at 62, $3,374 at 65, $3,795 at 66, $4,043 at 67, and $5,108 at 70 and older. Beneficiaries can estimate their new payments by adding 2.5% to their current benefits, with official notifications from the SSA expected soon.
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