Social Security and Supplemental Security Income benefits are set to increase in 2025, according to the Social Security Administration. The monthly payments will see a 2.5% boost next year, thanks to an annual automatic cost-of-living adjustment (COLA) tied to inflation.
Individuals with disabilities who receive these benefits can expect more money in their pockets. The maximum federal benefit for SSI recipients will rise from $943 per month this year to $967 per month in 2025. Couples will also see an increase, with their monthly payment going up from $1,415 to $1,450.
It’s worth noting that actual payments could be higher for some individuals because certain states contribute additional funds.
Martin O’Malley, the commissioner of Social Security, highlighted the significance of these increases: “Social Security benefits and SSI payments will increase in 2025, helping tens of millions of people keep up with expenses even as inflation has started to cool.”
The new payment amounts will take effect on December 31 for SSI recipients and in January for those receiving Social Security benefits. Beneficiaries can expect to receive notifications by mail in early December or access the information online through their Social Security account.
To make it easier for beneficiaries to understand their benefit amounts and deductions, the agency has introduced a simplified format for the notices. This new format provides clear information about dates and dollar amounts on one page using plain language.
Over the past decade, COLA has averaged at around 2.6%. However, there have been significant increases over the last three years: 3.2% this year, followed by 8.7% in 2023 and 5.9% in 2022.
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