Social Security update for 2025: Increase in cost of living means higher benefits
It has been my custom for most of the past 27 years to write a column that summarizes the Social Security updates scheduled to take place in the new year. I already discussed some of these updates in October when they were announced, but it doesn’t hurt to repeat them here. (They all grow out of the annual cost-of-living adjustments that have been part of the program since 1973.)
Before I go on,