United States Social Security Increase
Social Security is an anti-poverty program created to promote economic security to the nation’s people. On August 14, 1935, President Roosevelt signed the Social Security Act as part of The New Deal.
The New Deal was a system of programs with new constraints and safeguards on the banking industry to regulate pricing and inflation. It includes laws passed by Congress and the presidential executive orders during the first term of the presidency of Franklin D. Roosevelt.
Currently, one in five Americans receive Social Security benefits, and one-fifth are disabled, dependants, or survivors. There are 51 million retired workers and dependants, and 5 million survivors of deceased workers.
Recipients now will be on track to receive a higher cost-of-living-adjustment due to inflation. Our current leaders in the federal government are adding money to this necessary Social Security program.
The estimated cost-of-living-adjustment (COLA) for 2025 is increasing by 2.6%. To clarify, current members of the system will receive approximately $45 more per month in 2025. To date, the average Social Security monthly check in the United States is $1, 906.
Rates may increase depending on the COLA calculations by the end of 2024.
