Social Security Boost: $600 Bonus Coming for Retirees Over 62
The 2025 Social Security cost-of-living adjustment (COLA) will provide a 2.5% boost to benefits, which will amount to approximately $600 per year for the typical recipient. It might not seem like a lot, but for retirees with fixed incomes, every dollar matters. If you’re curious how this impacts your benefits and how to maximize it, here’s what you need to know. Overview Here’s a quick breakdown of what the 2025 COLA increase means: Topic Details COLA Increase 2.5% boost starting January 2025 Average Monthly Rise From $1,927 to $1,976—a $50 increase Total Annual Boost About $600 more for the year Medicare Impact Higher premiums may reduce net gain for some How to …