More than 72.5 million US residents will get a 2.5% rise in Social Security and Supplemental Security Income (SSI) payments in 2025, after the COLA 2025 Announcement from the Social Security Administration. This will increase from January 2025. The monthly increase in Social Security retirement payments is $50 according to Affect On Social Security Benefits After COLA Increase 2025. Over the previous 10 years, there has been an average 2.6% increase in the cost-of-living adjustment (COLA). The COLA in 2024 was 3.2%. Beginning in January 2025, almost 68 million Social Security recipients will get a 2.5% COLA. Approximately 7.5 million SSI beneficiaries will begin to receive larger benefits on December 31, 2024. Everyone should qualify through the Social Security Payment Eligibility Criteria 2025 and then claim the benefits through SSA Portal.
FACT CHECK
The Social Security Administration’s two primary programs are SSA and SSDI. People with low incomes who are 65 years of age or older, disabled, or blind can get assistance from the Social Security Administration (SSI), a government program. SSI benefits include up to $1415 for married couples, up to $943 for individuals, and $472 for an important person. In 2025, SSDI claimants will have a $50 increase, however, SSI beneficiaries will only see a $35 increase. Following the changes made by the government, this is a noticeable difference that individuals may observe. American officials have the authority to alter the number stated on this page. Reach the official website for more information.