Social Security hike set at 2.5%

Social Security benefits and Supplemental Security Income (SSI) payments for more than 72.5 million Americans will increase 2.5% in 2025, the Social Security Administration announced today. On average, Social Security retirement benefits will increase by about $50 per month starting in January.Over the last decade the COLA increase has averaged about 2.6%. The COLA was 3.2% in 2024....