Those receiving spousal benefits can expect to receive the same increase the primary spouse receives to their retired worker benefits.

Social Security is the major source of income for people over the age of 65, with an average monthly benefit of $1,918 a month. People with medical conditions that affect their ability to work for 12 months or longer may also receive Social Security benefits through Social Security Disability Insurance (SSDI).

A recent survey from the Motley Fool shows 50% of retirees have considered going back to work to make ends meet.

There's been lots of speculation about Social Security's 2025 cost-of-living adjustment (COLA), but on Oct. 10, it all came to an end. That's because the Social Security Administration announced a 2.5% raise for 2025,

The Social Security Administration (SSA) recently announced the upcoming cost-of-living adjustment (COLA) for 2025, and many retirees feel discouraged by it. Next year's adjustment will be 2.5%, the lowest since 2021.