How much additional money will retirees receive from Social Security next year? We'll know for sure in only a few weeks. The Social Security Administration (SSA) should announce the 2025 cost-of-living adjustment (COLA) on Oct.

The third round of September’s Social Security payments, worth up to $4,873 for the highest-income earners who retire at age 70, will go out to the third group of retirees in four days. Here is all you need to know about this month’s Social Security payments,

Claiming Social Security benefits at 62 results in reduced payments since you haven't reached full retirement age (FRA), but it may still make sense for some to claim benefits early. After all, whether you take Social Security at 62 vs.

Among retired workers, the average benefit amount at age 67 is $1,883.50 per month, according to December 2023 data from the Social Security Administration. Men aged 67 collect an average of $2,093.70 per month, while the average woman receives $1,676.20 per month.

While the official COLA will be announced next month, experts following inflation trends month to month can make fairly accurate predictions for what the adjustment will look like

The Senior Citizens League released its new prediction for the cost-of-living adjustment, saying benefits would likely rise just 2.5 percent.

Social Security's 2025 cost-of-living adjustment (COLA) could be the smallest raise for retired workers in four years.

Ensuring that seniors have enough to feed and house themselves with dignity is a major reason why we advocate for a minimum COLA of 3%,” said Shannon Benton, executive direct

Because Social Security COLAs are based on third-quarter inflation data, it's too soon to put out an official number for 2025. That can't happen until Oct. 10. Image source: . Based on inflation readings to date,