Cost Of Living 2025 Social Security Increase 2025

Cost Of Living 2025 Social Security Increase 2025. Every october, the social security administration (ssa) announces how much more seniors will receive from the government program the next year due to inflation. Yet retirees still face high prices.

This increase becomes effective in december 2024 , with the first check reflecting the new amount. But this year, it’s up to $176,100, which means higher earners will pay social security tax on an extra $7,500 of income.