The first piece of good news is that beneficiaries will see a 2.5% bump in benefits beginning in January, thanks to the cost-of-living adjustment (COLA). The average retiree collects just over $1,900 per month in benefits, which amounts to a raise of roughly $50 per month.

Though President-elect Donald Trump has often promised to protect Social Security, he has not explained exactly how he would save the beloved – but financially troubled – entitlement program. Nor did he take any meaningful steps to shore up Social Security during his first term in the White House.

There are two main ways Social Security can be brought back to financial stability: cut benefits or increase revenue. An immediate cut to benefits would amount to around a 21% cut to all current and future beneficiaries. A gradual benefit cut would amount to a 25% decrease in benefits.

The House has passed legislation that would provide full Social Security benefits to millions of people. Here’s what to know about the bill and what could happen next.

Social Security is very popular with Americans. Large majorities of Democrats and Republican like the program and want it to continue with no cuts in benefits, no increase in costs to taxpayers, and no real reforms of any kind.

Social Security's rules are shifting in 2025 -- for better and worse. Seniors might benefit from a boost to their monthly benefits and a higher earnings-test limit. Some workers may be unhappy to learn that their Social Security tax burden is about to soar.

Social Security beneficiaries will soon experience a welcome change, with benefits slated to climb due to a cost-of-living adjustment. Recipients will see a 2.5% cost-of-living adjustment in 2025, which is notably less than the 3.

I have been saving up some emails from readers who want to know how other government benefits might affect their eligibility for Social Security, or vice versa. In other words,

Even if you're in line for the maximum possible benefit, you might be surprised at how much more you can get by waiting.