Social Security 2024 Cola Fact Sheet. Social security benefits and supplemental security income (ssi) payments for more than 72.5 million americans will increase by 2.5% in 2025. Compared to the average annual benefit bump of 2.6% over the past 20 years, a 3.2%.

Multiply any amount over $7,078 by 15%. The amount of earnings required to earn social security work credits will rise to $1,810 per quarter.