Social Security will see some notable changes in 2025 that could impact millions of Americans. While the average benefit will increase, high earners may face a larger tax bill and retirees could find their cost-of-living adjustment falls short.

This week, a select group of Social Security retirees in the United States will see their monthly payments rise to $5,000. Millions of beneficiaries will also experience a significant increase in their income,

Almost all Social Security beneficiaries are familiar with the most popular and publicized change: the increase in monthly benefit checks for 2025 due to the automated cost-of-living adjustment, or COLA. As you already know, that increase will be 2.5%.

The Social Security Administration's "full retirement age" will increase by two months in 2025 to 66 years and 10 months, raising the age for when workers can begin receiving full Social Security retirement benefits.

Roughly 1 in 4 retirees have no savings, according to a recent Clever survey. There are several reasons for this, including living paycheck to paycheck and having to pay for unplanned expenses. These obstacles can be challenging to overcome,

As Social Security prepares to roll out significant adjustments in 2025, recipients are likely to experience both benefits and challenges. Key updates include higher taxes for high earners, modest cost-of-living adjustments (COLA),

In 2025, the Social Security program in the United States is set to undergo major changes, impacting over 73 million individuals.