Expect an Increase in SSI Payments in 2025
The Social Security Administration (SSA) recently announced a 2.5% benefit increase in 2025 for recipients of Social Security benefits and Supplemental Security Income (SSI). Over 72 million Americans will enjoy this change. Retirement benefits will, on average, increase by about $50 per month beginning in January 2025. Cost-of-Living Adjustments for SSI Payments Cost-of-living adjustments (COLA) … Read more