All Social Security beneficiaries are getting a 2.5% cost-of-living adjustment (COLA) next year -- or at least they are on paper. This will increase monthly benefit amounts for all recipients, including those claiming spousal Social Security.

The Social Security Administration has announced of a 2.5% cost-of-living adjustment (COLA) for 2025 -- that's lower than the 3.2% increase in 2024 and 8.7% increase in 2023. The smaller COLA

We're just weeks away before the 2025 Social Security COLA benefit increase will go into effect. Here's what it means for you.

However, the amount of income subject to the Social Security portion of the FICA tax will change next year. The maximum taxable earnings is currently $168,600 but will rise to $176,100 in 2025. There is no limit on the amount of earnings for which FICA taxes used to fund Medicare must be paid.

In a significant shift for future retirees, a new law set to take effect in 2025 will raise the minimum age requirement for receiving Social Security

Social Security benefits and SSI payments will increase in 2025, helping tens of millions of people keep up with expenses even as inflation has started to cool.'

Here's when 2025's Social Security Cost of Living Adjustment increases will go into effect. The increase is the agency's lowest in years.

The annual cost-of-living adjustment (COLA) is a crucial component of Social Security, designed to help retirees keep pace with inflation.