Social Security Recipients See 2.5% Benefits Boost in 2025
The cost-of-living adjustment (COLA) took effect in January, raising the average monthly retirement benefit from $1,927 to $1,976 for Social Security recipients. This 2.5% increase aims to help beneficiaries keep up with inflation. Additionally, full retirement age has increased to 66 years and 10 months for those born in 1959. The repeal of Windfall Elimination … Read more