Social Security COLA Increase Estimate Announced for 2025

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

 

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