According to Vibes.okdiario, In January 2025, some 66-year-olds may receive a significant payment of $4,018, thanks to updates from the Social Security Administration (SSA) regarding the maximum benefit amounts at Full Retirement Age (FRA). This increase is primarily attributed to the cost-of-living adjustment (COLA). Even with a modest 2.5% COLA increase for 2025, the maximum amounts for retirees at FRA have experienced a notable rise.