<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=2eU2Cp_0vlyBesw00" alt="https://img.particlenews.com/image.php?url=2eU2Cp_0vlyBesw00" width="1200" height="800" ></figure><p>It is easy to guess how much the rise in Social Security benefits for people living in the United States in 2025 will be. On the other hand, we can only guess right now because we do not have an official COLA number for 2025.</p><p>But The Senior Citizens League says we already have a good idea of what COLA is. And the truth is that this group usually gets it right when they say what will happen with the Social Security COLA.</p><p>We think we may already have a good idea of the COLA, which lets us figure out what the new cheque will be in 2025.</p><h2>What will my Social Security be in 2025 with the COLA?</h2><p>Since the COLA for 2025 could be as high as 2.5%, our normal Social Security checks would go up by $25 for every $1,000 we get this year, 2023. We can learn the following from this:</p><ul><li>A $1,500 benefit would go to $1,537.5 per month.</li><li>An average Social Security check of $2,000 would become$2,050 per month.</li><li>The maximum age retirement benefit of $4,873 would become$4994 per month.</li></ul><p>Everything else would go up too, since we would only have to add 2.5% to our usual payment. With this COLA, the checks we get next year will come close to making up for the inflation we are seeing now.</p><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=2R5PdJ_0vlyBesw00" alt="https://img.particlenews.com/image.php?url=2R5PdJ_0vlyBesw00" width="1200" height="740" ><figcaption>Source tododisca.com</figcaption></figure><h2>How do I increase my Social Security check?</h2><p>Aside from the COLA, there is no other way to increase your Social Security check if you have already applied for and are collecting benefits. But if we have not yet applied for a retirement payment, it is possible to increase this check before we contact Social Security to start getting it.</p><p>We must take into account the following:</p><ul><li>Retirement age.</li><li>Years worked.</li><li>Salary during the years worked.</li></ul><p>Putting off retirement for longer is better. In the same way, the Social Security check is bigger if you worked for a long time. This is also true for salary, since a better salary means a bigger pension.</p><p>When you work 35 years and make a lot of money, retiring at age 70 is the best possible situation. We will only be able to get the biggest Social Security check of $4,873 in 2024 after that.</p><h2>FAQ</h2><p><b>1. What is the expected COLA (Cost-of-Living Adjustment) for Social Security benefits in 2025?</b></p><p>While the official COLA for 2025 hasn’t been announced yet, The Senior Citizens League estimates that the COLA could be around 2.5%. Historically, their predictions have been accurate, giving us a good idea of what to expect.</p><h2>2. How much will my Social Security check increase with a 2.5% COLA?</h2><p>If the COLA for 2025 is 2.5%, the expected increases would be:</p><p>– A $1,500 monthly benefit in 2023 would rise to $1,537.50.</p><p>– A $2,000 monthly benefit would increase to $2,050.</p><p>– The maximum retirement benefit of $4,873 would increase to $4,994 per month.</p><h2>3. How does COLA affect my Social Security check?</h2><p>COLA is designed to help benefits keep pace with inflation. With a 2.5% adjustment, your Social Security check will increase accordingly, helping offset the rising cost of living.</p><h2>4. Can I increase my Social Security check beyond COLA adjustments?</h2><p>If you’ve already applied for and are receiving Social Security benefits, your check will only increase through COLA. However, if you haven’t applied yet, you can increase your benefit by:</p><p>– Working for more years (up to 35 years of earnings count toward your benefit).</p><p>– Earning a higher salary during your working years.</p><p>– Delaying retirement up to age 70 to maximize your benefit amount.</p><h2>5. What is the maximum Social Security check I can receive?</h2><p>In 2024, the maximum Social Security retirement benefit is $4,873 per month. This amount is available to individuals who retire at age 70 after earning high wages for at least 35 years. With the 2.5% COLA, this benefit could increase to $4,994 in 2025.</p><h2>According to Motley Fool</h2><h2>The 2025 COLA is expected to be 2.5%</h2><p>The latest projection from The Senior Citizens League puts the COLA estimate around 2.5%. This is below the 3.2% hike recipients got this year and reflects cooling inflation.</p><p>Since the COLA is a percentage, which the Social Security Administration applies to your existing benefits, you can get a good approximation of your 2025 benefit by applying the projected percentage to the current amount. For example, the average Social Security benefit for retired workers as of August was $1,920 per month. If we add the 2.5% projection to this, we get an extra $48, bringing the average check in 2025 to about $1,968. That’s an extra $576 per year.</p><h2>What to do if the COLA doesn’t go as far as you had hoped</h2><p>That probably would not be as much as many are hoping for. They argue that the COLA computation doesn’t actually help checks keep up with inflation. The Senior Citizens League found that benefits have actually lost 20% of their buying power since 2010. So even with the COLA, you could wind up spending more of your own money to cover your expenses.</p><p>Planning ahead can help minimize this shock. If you have personal savings, you can fall back on these. Those without much of a nest egg might have to try to diversify their retirement income. This could involve taking a part-time job, renting out or selling extra property, or considering strategies like a reverse mortgage. Anything that minimizes your reliance on Social Security can help.</p><p>You might also qualify for certain government benefits to help with your essential costs. Look into assistance programs for expenses like food, housing, utilities, and healthcare in your area to see what your options are and what criteria you must meet to claim them.</p><p>Once you know how far your checks will go and how much you’ll get from Social Security, plan your budget for 2025. After a month or two, revisit it to make sure it’s working for you and make adjustments as needed.</p></div></body>

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How much will my Social Security check go up to in 2025? It is currently $1,500

It is easy to guess how much the rise in Social Security benefits for people living in the United States in 2025 will be. On the other hand, we can only guess right now because we do not have an official COLA number for 2025. But The Senior Citizens League...