Retirees and other beneficiaries of Social Security benefits will see their monthly checks increase by 2.5% in 2025, averaging an additional $50 per month.
This adjustment is the smallest bump in payments for tens of millions of recipients since 2020, following a significant 8.7% increase in 2022.
Approximately 68 million people receive Social Security benefits, while nearly 7.5 million Americans benefit from Supplemental Security Income.
The increase reflects inflation trends, with a modest 2.4% rise in consumer prices over the past year, down from a peak of 9.1%.
#social-security #cost-of-living-adjustment #inflation #retirement-benefits #supplemental-security-income
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