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Millions of Americans have started to or will soon see significant. wage trends and new policies directly affect not just the more than 68 million people receiving Social Security benefits.
Social Security Changes 2025 10 Key Updates Include 2.5 COLA and Earnings Cap Rise More benefits as new laws and policies take effect in March 2025 Technically, the Social Security Administration first applied the 2.5% cost-of-living adjustment (COLA) to the December 2024 benefit Age 62: $2,831, up from $2,710 Full retirement age: $4,018, up from $3,822
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