Social Security Announces 2025 Payment Increases and Changes

The Social Security Administration will implement a 2.5% Cost of Living Adjustment (COLA) in January 2025, increasing monthly benefits for retirees, survivors, disabled individuals, and SSI beneficiaries to help them cope with rising living costs. Payments will be distributed in five rounds throughout January, with specific dates based on beneficiaries' birth dates. This adjustment aims to maintain beneficiaries' purchasing power amid inflation, and recipients are advised to update their financial plans and track payment schedules accordingly.