Reported 2 days ago
Significant changes to Social Security benefits are set for 2025, including a 2.5% cost-of-living adjustment (COLA) aimed at helping retirees cope with inflation, alongside an increase in the earnings-test limit. This allows retirees to earn up to $23,400 without affecting their benefits, encouraging part-time work without financial penalties. These updates can enhance financial security for many older Americans.
Source: YAHOO