Financial support from a government program is expected to increase for recipients. The amount of this increase is forecast to be between 3.2% and 3.6%. An organization that advocates for older individuals estimates the higher end of this range is more likely.

This estimated increase would result in a higher monthly payment. The exact amount of the increase will be announced in October, along with relevant economic data.

Further details about the expected increase are available, including estimates of how it may affect the average monthly benefit for retired workers.