Social Security retirement benefits are a very important element in US households. After all, there are many US citizens who have no other source of income to pay their bills and living expenses, say experienced Social Security lawyers.
In this sense, being able to get a little extra money each month is something that is always welcome. And we’re not just talking about Social Security age retirees, but also retirees on Disability and for other reasons. It doesn’t matter what type of retirement we have, as the check will increase just the same starting in January 2025.
Who gets a $300 increase in Social Security in 2025?
Americans who can currently enjoy any type of Social Security check will be entitled to a further increase in 2025. This increase is undoubtedly quite a relief for United States citizens who will look forward to getting their new benefit each month.
The truth is that the $300 increase is only possible if you are receiving the maximum benefit. If we are collecting the maximum check of $4,873 in 2024, the payment can reach up to $5,180 as of January 2025.
But each citizen gets an increase regardless of the amount he or she receives now. Thus, citizens with an average check of $1,600 per month will also get their increase, although it will be less than for the maximum check.
How can I get the Social Security increase in 2025?
The best thing about this whole Social Security increase through the Cost of Living is that it is a fully automatic process. This means that we won’t have to do anything to enjoy a little extra money as soon as we get the first of the 2025 payments.
In the event that we are unable to receive the Social Security payments we will not get a check with the increase, so we must be careful to keep track of everything related to it. So just collecting a retirement check will be more than enough to be able to enjoy this increase.
Other Social Security Increases
In addition to Social Security retirement benefits, the Cost of Living will increase Supplemental Security Income (SSI) checks. This will bring the maximum payment in 2025 to $967, making it very close to $1,000 per month.
However, not all Americans get this SSI payment, so we must be eligible to get it. In addition, we must also keep in mind that the SSI payment depends on different factors, so we must apply for it previously if we want to get it every month.