Finance
Social Security cost-of-living adjustment will be 2.5% in 2025
A recent AARP survey finds over half of adults over 50 are worried about having enough money for retirement
The Social Security Administration on Thursday announced that the cost of living adjustment for 2025 will be 2.5%.
Social Security retirement benefits, on average, will increase by roughly $50 per month starting in January, the agency said.
“Social Security benefits and SSI payments will increase in 2025, helping tens of millions of people keep up with expenses even as inflation has started to cool,” said Social Security Commissioner Martin O’Malley.
This is a developing story. Please check back for updates.
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