Knowing how to apply for Social Security benefits and what to expect from the application will be crucial during the approach of retirement age. This guide reveals information on timeliness, applying steps, and updates for the year 2025 to make this process even easier for you concerning your social security benefits. Approval In general, the … Read more
Social Security updates are always implemented annually in order to assist its 72 million beneficiaries adjust to economic and administrative realities. These changes could be a little confusing, especially for new system users, but even experienced recipients might be taken aback by some updates. For 2025, a few key updates are worth knowing, especially among retirees and disabled beneficiaries, which comprise a great majority of the recipients. COLA The cost-of-living adjustment (COLA) for 2025 will rise by only 2.5%. The inflation continues to cool after the jump it saw over the previous year, but this modest cost-of-living increase is a disappointment for many retirees, who are seeing so many other costs rising. This translates to an average increase of approximately $49 a month for retirement beneficiaries. Adjustments apply not only to retirement but also to disability, survivor, and family benefits for all … Read more