Here's Exactly How Much Social Security Checks Are Forecast to Rise in 2025
In April, close to 51 million retired-worker beneficiaries brought home an average Social Security check of $1,915.26. Although this isn't a game-changing amount of monthly cash, Social Security benefits have proved vital to the financial well-being of most retirees.
In addition to pulling approximately 16.5 million seniors aged 65 and over out of poverty in 2022, Social Security benefits represented a "major" or "minor" source of income for 88% of the retirees surveyed by national pollster Gallup this past April. Considering how important Social Security income is to the financial foundation of retirees, all eyes have begun turning to the 2025 cost-of-living adjustment (COLA).
Image source: Getty Images.
Source Fool.com
