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Social Security Changes Impact 50 Million Americans in 2025

5/26/2025

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Summary

Story summary

More than 50 million Americans depend on Social Security, with a 2.5% Cost-of-Living Adjustment (COLA) effective January 2025.
Maximum taxable earnings will rise to $176,100; early retirees can earn $23,400 penalty-free.
Starting June 2025, Social Security payments may be garnished for unpaid federal student loans, impacting 425,000 seniors.
The Treasury Offset Program may withhold up to 15% of benefits for individuals in default.

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Story summary

More than 50 million Americans depend on Social Security, with a 2.5% Cost-of-Living Adjustment (COLA) effective January 2025.
Maximum taxable earnings will rise to $176,100; early retirees can earn $23,400 penalty-free.
Starting June 2025, Social Security payments may be garnished for unpaid federal student loans, impacting 425,000 seniors.
The Treasury Offset Program may withhold up to 15% of benefits for individuals in default.