Social Security benefits will increase in 2025: Find out how much more you could receive if you’re over 67

From 2025 Millions of Social Security recipients will receive higher monthly paymentsthanks to a 2.5% cost of living adjustment (COLA). This increase is intended to keep pace with inflation and increase benefits for retirees, survivors, people with disabilities and Supplemental Security Income (SSI) beneficiaries. Here’s how these changes could affect your monthly checks.

How much will social security contributions increase in 2025?

The 2.5% COLA applies to all Social Security benefitsincluding retirement, disability (SSDI), and survivor benefits, as well as SSI payments. The maximum monthly federal SSI payments increase to:

You might be interested in: Confirmed: This is the Social Security payment schedule for 2025

Maximum Social Security Benefits by Age

While employees can claim social security benefits as early as age 62, These payments do not reflect the full benefit amount. To maximize monthly checks, the Social Security Administration (SSA) recommends waiting until full retirement age (67 for people born in 1960 or later) or even waiting until age 70.

Here is the breakdown of maximum monthly benefits by age for 2025:

Postponement of retirement beyond the age of 67 allows beneficiaries to receive significantly higher payments without incurring penalties for not waiting until full re-entry age.

Here’s how to estimate your Social Security payments for 2025

Social security benefits are calculated individuallybased on your earning history. If you want a rough estimate of your payments in 2025, simply add 2.5% to your current monthly benefits.

The SSA will notify beneficiaries of the updated amounts in December by mail or through their My Social Security account.

Original article by Corina González, translated with assistance from AI and edited by Greg Heilman.

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