Social Security Payments to Rise 3.2% in 2025; Explore Other Senior Support
Social Security recipients will see a 3.2% increase in payments in 2025, thanks to the cost-of-living adjustment. While this boost is welcome, seniors should be aware of other financial support available to them, both nationally and locally.
Several states offer tax rebates or refunds specifically for seniors. Pennsylvania, for instance, provides $1,000, while New Mexico offers $500-$1,000, and Virginia up to $650. Meanwhile, local assistance programs provide cash assistance, utility relief grants, or subsidies for groceries and housing. Some low-income seniors may also qualify for federal programs like Supplemental Security Income (SSI), Extra Help for Medicare prescription costs, or energy assistance (LIHEAP).
Guaranteed income pilots, such as those in Chicago and Rochester, offer $500-$1,000 per month with no spending restrictions. However, it's important to note that it's too late to claim unclaimed stimulus checks from 2020 or 2021, as the IRS deadline passed on May 17, 2025.
In Germany, seniors will not receive direct stimulus-like payments in 2025. Instead, they will benefit from a 3.74% increase in their statutory pension starting July 2025. However, traditional cash payments of pensions via postal service will end by the end of 2025, requiring pension payments to be made exclusively via bank transfers starting 2026.
Read also:
- THW Marks 75 Years of Saving Lives at Home and Abroad
- Kazakhstan's National Bank Boosts Currency Sales to $1.4 Trillion in Q4
- Federal petition from CEI seeking federal intervention against state climate disclosure laws, alleging these laws negatively impact interstate commerce and surpass constitutional boundaries.
- Duty on cotton imported into India remains unchanged, as U.S. tariffs escalate to their most severe levels yet
