For more, here's our essential Social Security cheat sheet, and don't miss the Social Security payment schedule and how to apply for Social Security Disability Insurance. What is

Social Security benefits and SSI payments will increase in 2025, helping tens of millions of people keep up with expenses even as inflation has started to cool.'

Social Security payments receive annual cost-of-living adjustments (COLAs) to protect the purchasing power of benefits from inflation. Americans have ranked inflation as their most pressing financial concern for three consecutive years,