Major Social Security Changes and Increases Set for 2025
In 2025, Social Security will see several changes, including a 2.5% cost-of-living adjustment (COLA), an increase in the earnings-test limit to $23,400, a rise in the wage cap to $176,100, and a higher earnings threshold for work credits at $1,810 per credit. These adjustments will affect both current retirees and those still working, highlighting the importance of understanding these changes for financial planning.