Go offline with the Player FM app!
Social Security COLA Increase Estimate Announced for 2025
Manage episode 435547085 series 2412204
People always want to know whether they’ll get a Social Security increase and if so, how much will it be in 2025?
New government data shows that inflation is starting to subside, and that seems like it will have an impact on next year’s Social Security cost-of-living, or COLA, adjustment. Even though many retirees are still struggling with higher costs, the 2025 increase estimate shows the lowest adjustment in four years.
Here’s what we cover in this episode:
0:00 – Intro
1:12 – Scott’s reaction to the news
2:28 – Historical data
5:52 – Buying power nationally
12:54 – How it impacts spending
14:50 – Looking ahead
Want to connect with us?
https://listentoscott.com/
https://elevatemyretirement.com/our-team/scott-m-dougan/
913-393-4724
Watch the show on YouTube: https://bit.ly/3RiT7Ky
149 episodes
Manage episode 435547085 series 2412204
People always want to know whether they’ll get a Social Security increase and if so, how much will it be in 2025?
New government data shows that inflation is starting to subside, and that seems like it will have an impact on next year’s Social Security cost-of-living, or COLA, adjustment. Even though many retirees are still struggling with higher costs, the 2025 increase estimate shows the lowest adjustment in four years.
Here’s what we cover in this episode:
0:00 – Intro
1:12 – Scott’s reaction to the news
2:28 – Historical data
5:52 – Buying power nationally
12:54 – How it impacts spending
14:50 – Looking ahead
Want to connect with us?
https://listentoscott.com/
https://elevatemyretirement.com/our-team/scott-m-dougan/
913-393-4724
Watch the show on YouTube: https://bit.ly/3RiT7Ky
149 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.