Social Security benefits to increase in 2025 with maximum monthly payout at $4,018

Social Security recipients will see changes in 2025, with the maximum monthly benefit rising to $4,018. A 2.5% cost-of-living adjustment will increase average monthly benefits to about $1,976, effective from January 2025. Income limits for those collecting benefits before reaching full retirement age will remain in place. However, those at full retirement age can earn any amount without affecting their benefits. The Social Security Fairness Act is progressing, potentially allowing nearly three million more Americans to access benefits by repealing certain provisions that currently reduce payments for public sector workers. Customer service may decline due to budget issues, with a hiring freeze already in effect.