In April, nearly 51 million retired-worker beneficiaries brought home an average Social Security check of $1,915.26, which works out to almost $23,000 over a full year. While this might not sound like a lot of money, Social Security has played a key role in shoring up the financial foundations of retirees and helping them pay their bills.

More than two decades of annual polling from Gallup found that between 80% and 90% of then-current retirees consistently rely on their Social Security income to cover at least some portion of their expenses. This means the annual changes that can occur to America's top retirement program are of the utmost interest and importance to current and future beneficiaries.

Although the Social Security Administration (SSA) won't be announcing any concrete adjustments until the second week of October, beneficiaries can expect six changes to take place in 2025.

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Source Fool.com