In 2024, the life expectancy for someone born in 1959 was 74 for men and 80.1 for women, according to a Social Security report. The report predicts continuing increases in life expectancy, which translates into even more years that beneficiaries will receive Social Security checks.

Many people think of 65 as retirement age. But for people born in 1960 or later, you'll now have to wait until 67.

In 1983, Congress passed a law that gradually increased the age at which people may receive 100% of their Social Security benefits from 65 to 67, a change that was felt over the following decades as Americans approached their retirement age, according to Bipartisan Policy Cente r. The increase aimed to match increasing life expectancy.

Millions of Americans will see higher Social Security checks now that the windfall elimination provision (WEP) is abolished.

Millions of beneficiaries can expect enhanced Social Security benefits and new limits to Medicare prescription drug costs in 2025.

Social Security benefits generally increase every year, and that's thanks to the program's annual cost of living adjustment (COLA). The COLA is meant to help retiree benefits keep pace with inflation,

The Social Security Administration (SSA) is set to begin distributing the first round of monthly benefits for the year 2025. Nearly 73 million beneficiaries, including retired workers, survivors, and recipients of Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI),