We're a couple of days away from the new year, and that means the next Social Security checks will include the 2025 COLA increase.

The Cost of Living Adjustment is rising in 2025, which will change the amount of money people will receive in their Social Security checks.

Social Security will implement a 2.5% cost-of-living adjustment and increase the maximum taxable earnings to $176,100. Additionally, the earnings threshold for early retirees will rise, with adjustments meant to boost future benefits despite potential short-term reductions for those still working.

Social Security's maximum benefit will reach a record $5,108 per month in 2025. This is the first time any retiree will take home more than $5,000 per month from the program. But only a select few will receive anything close to this amount.

Social Security benefits are shrinking relative to Medicare premium increases, leaving older adults with less cash at the end of the month.

In 2025, the Social Security system in the United States will undergo major changes impacting millions who rely on it for financial support. Staying informed about these adjustments is crucial for beneficiaries to plan their financial future effectively.

A fourth consecutive year of an above-average cost-of-living adjustment (COLA) is set to lift Social Security benefits in the new year.