2025 Social Security Benefit Amounts Revealed

Social Security beneficiaries can now calculate how much more money they will receive in 2025.Photo byImage by Sandra Gabriel from Pixabay

The 72.5 million Social Security beneficiaries can now calculate their expected monthly benefit payments for 2025. Or, they can watch their mail for a notice that will be delivered sometime in December.

According to the just-issued announcement, the 2025 cost-of-living adjustment for Social Security beneficiaries will be 2.5%. That amounts to around $600 yearly for the typical beneficiary. The Social Security Administration notes that over the last 10 years, the cost-of-living adjustment (COLA) has averaged about 2.6%.

Nearly 68 million Social Security beneficiaries will see the 2.5% COLA beginning in January. Some 7.5 million will benefit on December 31, 2024.

In 2024, the average Social Security benefitaverage Social Security benefit for retired workers is around $1,900 per month. For disabled workers, the average monthly benefit is estimated at about $1,500. And for survivors of deceased workers, the 2024 average benefit is approximately $1,600.

Jesse Slome shares tips and tactics for saving money and planning, many focused on strategies for seniors. Please "Like" this article and "Follow" Slome on Newsbreak for regular updates.