As we enter the last few months of the year, many people are already looking to 2025. Specifically, some seniors are looking to the Social Security changes that are coming our way.
What are these changes? As explained here, we can predict a few of them even if we don’t have the official data just yet.
For one, seniors may get a lower Cost-of-Living Adjustment (COLA) than expected. Some experts estimate it could be around 2.9 percent. While the tax cap will also go up, there’s doubt it will be enough to truly replenish the Trust Fund to a substantial degree. Seniors can also expect the full retirement age to go up to 66 years and 10 months. In addition, more work credits may be required to qualify for benefits.
What are your thoughts on these changes? Share your opinion in the comments.
Help The Seniors Center Protect the Future of Social Security
The Seniors Center is committed to finding solutions to strengthen and protect the Social Security Trust Fund. Social Security is a contract between citizens and the government. Money deposited in the Trust Fund should only be used to pay benefits to eligible recipients.
The Seniors Center is demanding Congress finally put a stop to the careless borrowing and spending by greedy politicians that has put our Trust Fund and our secure retirement in jeopardy.
At The Seniors Center, our goal is to help seniors, and we’re doing that by protecting the future of Social Security. Retirees shouldn’t have to worry about losing their hard-earned benefits to taxes or the agendas of greedy politicians. If you agree, we invite you to sign our petition today! And follow The Seniors Center on Twitter and Facebook for more updates!
