More than 72.5 million Americans will see their Social Security benefits and Supplemental Security Income payments rise by 2.5% in 2025, thanks to a cost-of-living adjustment (COLA) to offset inflation. This increase affects nearly 68 million Social Security beneficiaries and 7.5 million SSI recipients and will take effect with January payments, arriving December 31st for SSI recipients. The COLA ensures that benefits maintain their purchasing power as prices climb, with adjustments based on the Department of Labor's Consumer Price Index for Urban and Clerical Wage Earners.

Here's Public Affairs Specialist, Jack Myers, with the SSA.

Another figure to be aware of is the maximum amount of earnings taxable by SSA, this number will increase from an income of $168,600 to $176,100.

For Social Security Disability Benefits Myers says the change pertains to increases in non-blind and trial work thresholds.

Learn more at www.ssa.gov/myaccount.

Jack Myers appeared as a guest on the WTIM Morning Show.