2025 Social Security Increase: Boost Your Retirement Income Without Breaking the Bank!

Social Security Increase 2025: What You Need to Know

Who Will Be Affected by the 2025 Social Security Increase?

According to Marca, As the time gets closer to the 2025 Social Security increase, many people are waiting to find out how it will affect their money. Experts are making predictions about the size of the increase. They think it will be around 2.63%, which is lower than the 3.2% increase last year.

The increase will affect not just people who get retired worker benefits, but also Americans who get benefits because their spouse is retired. For retired workers, the average monthly check is $1,918. The increase will add about $50 to their check. People who get spousal benefits, which average $911 per month, will see an increase of about $24 per month. Couples where one partner gets retired worker benefits and the other gets spousal benefits will see an increase of about $74 per month.

READ ALSO: $19 Million Tax Refund: Uber Sues San Francisco Over Gross Receipts Tax – Check it Out!

2025 Social Security Increase: Boost Your Retirement Income Without Breaking the Bank! (PHOTO: GOOGLE)

How the 2025 Social Security Increase Will Impact Your Retirement Income

When the increase happens, it will be added to the person’s “primary insurance amount” (PIA). This is the amount they would get if they retire at full retirement age. For example, if someone’s PIA was $2,000 in 2023, the 3.2% increase would make their benefit $2,064. This increase is good news, but it might not be enough to cover all living expenses. So, people should start planning their budgets now and think about other ways to get money, like using their savings or getting a part-time job.

READ ALSO: $65,000 vs. $6,000: The Surprising Case for Building Your Emergency Fund Over Paying Off Your Mortgage Early