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Story perspectives

Millions of Social Security Beneficiaries to Get 2.5% Raise

2/23/2025

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Summary

Story summary

On February 26, 2025, millions of U.S. Social Security beneficiaries will receive payments for those born between the 21st and 31st.
A 2.5% Cost-of-Living Adjustment (COLA) raises maximum benefits to $5,108 for retirees deferring until age 70.
Supplemental Security Income (SSI) recipients will receive March payments early on February 28 due to the weekend.
Direct deposit is advised for timely payments, as mailed checks may experience delays.

History

Historical Context

On February 26, 2025, millions of U.S. Social Security beneficiaries will receive a 2.5% Cost-of-Living Adjustment (COLA), raising maximum benefits to $5,108 for retirees deferring until age 70. This adjustment reflects historical trends in Social Security, which has regularly adjusted benefits since its inception in 1935 to combat inflation, ensuring financial stability for retirees amid economic fluctuations.

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Story summary

On February 26, 2025, millions of U.S. Social Security beneficiaries will receive payments for those born between the 21st and 31st.
A 2.5% Cost-of-Living Adjustment (COLA) raises maximum benefits to $5,108 for retirees deferring until age 70.
Supplemental Security Income (SSI) recipients will receive March payments early on February 28 due to the weekend.
Direct deposit is advised for timely payments, as mailed checks may experience delays.

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