Social Security beneficiaries in the US will receive a 2.5% increase in their monthly checks starting in 2025

The Social Security Administration (SSA) has just released a notice, millions of government agency beneficiaries in the USwill receive a 2.5% increase in their monthly checks starting in 2025, he gathered Union.

Agency officials explained that the cost of living adjustment for retirees will translate into an average increase of more than $50 per month.

According to official statistics, approximately 72.5 million people, including children, disabled people and retirees, receive Social Security benefits in the country.

As a result of this change, “tens of millions of people” will be able to keep up with their expenses, a measure that will not be reversed when inflation falls, said Commissioner Martin O’Malley.

However, before the announcement, pensioners have expressed concerns, because they know that the increase will not be enough to offset the increase in the cost of living in the United States.

Like Sherri Myers, an 82-year-old retiree from Pensacola City, Florida, who is hoping to get a job at Walmart to make ends meet, millions of seniors in the country are in dire financial need.

“I’d like to eat well but I can’t. When I’m at the grocery store, I walk past the vegetables because they’re too expensive. I have to be very selective with what I eat; Even McDonald’s is expensive,” Myers admitted to the news agency. AP.

This announcement from the SSA comes in a context where the national social security plan has a financial deficit that could affect the beneficiaries in the years to come.

Last May, the annual report of the Social Security and Medicare trustees explained that the program’s trust fund will not be able to pay all benefits after 2035.

According to the report, if the trust fund goes down, the government will only be able to pay 83% of registered benefits.