The Social Security COLA increase in 2025 is likely to be smaller than in 2024, according to estimates. Here are some potential changes Americans should take into account.
Several changes are expected to take place for Social Security beneficiaries in 2025, according to experts. The Social Security Administration has not yet announced any final adjustments to the program, but beneficiaries, as well as current workers, are advised to plan ahead and understand how any potential changes could impact them.
Americans born in 1957 or earlier are already eligible for their full Social Security benefits. The full retirement age is 66 for those born between 1943 and 1954, according to the SSA.The full retirement age is increasing gradually for those born from 1955 to 1960, until it gets up to 67. In 2025, the full retirement age will be 66 years and 10 months.
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