Social Security Bill Could Change 2025 Benefits

Social Security 2025: Here's Are the Good (and Bad) Changes Retirees Can Expect
The first piece of good news is that beneficiaries will see a 2.5% bump in benefits beginning in January, thanks to the cost-of-living adjustment (COLA). The average retiree collects just over $1,900 per month in benefits, which amounts to a raise of roughly $50 per month.
Next year's 2.5% Social Security COLA isn't so bad when you consider this
But when we look back at the data, it becomes clear that a 2.5% Social Security COLA isn't so terrible. In fact, it's a lot more generous than some of the COLAs beneficiaries have seen in the past. In 2024, Social Security benefits rose by 3.2%. The year prior, they increased by 8.7%. And in 2022, a 5.9% COLA came through.
How Social Security Bill Could Change 2025 Benefits
The House of Representatives has passed legislation that could see Social Security benefits change for millions of recipients—but it is still awaiting Senate approval. The Social Security Fairness Act was passed with considerable bipartisan support by the House on November 12,
The Average Social Security Benefit Today Is Smaller Than You Think. Here's How to Boost Yours in Time for Retirement
Millions of older Americans today receive a monthly benefit from Social Security. And for many of them, that benefit is their only source of income. It might therefore surprise you to learn that as of October 2024,
1 in 3 Americans Don’t Know Their Full Retirement Age for Social Security
Social Security is the foundational financial support system for many Americans. According to the bipartisan Economic Innovation Group, "Nationally, Americans received $3.8 trillion in government transfers in 2022,
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In the United States, Social Security benefits form a critical part of retirement planning for millions. With nearly 65 million Americans receiving monthly Social Security checks, these benefits represent a significant portion of their income.
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Even if you're in line for the maximum possible benefit, you might be surprised at how much more you can get by waiting.
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The Social Security Fairness Act is now in the hands of the Senate. Here's what could happen next.
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