Reported about 2 months ago
In 2025, several important changes to Social Security will take effect, regardless of the presidential election results. Retirees can expect an increase in their monthly payments due to cost-of-living adjustments, while the earnings thresholds and work credit requirements will also shift. Additionally, the full retirement age to claim benefits without penalties will be raised, and high earners will face a higher income cap for Social Security taxes. These modifications are already set in motion and will impact current and future retirees.
Source: YAHOO