Social Security benefits to increase in 2025

The Social Security Administration (SSA) has announced that Social Security benefits will increase by 2.5% in 2025 due to the cost-of-living adjustment (COLA). This adjustment helps maintain the purchasing power of retirees, survivors, Social Security Disability Insurance (SSDI), and Supplemental Security Income (SSI) beneficiaries. However, the Social Security Board of Trustees’…