Is your Social Security Getting an Increase? August 2024 COLA Estimate Update
Learn about the August estimate for 2025 Social Security COLA and how it impacts your benefits. Understand why the estimate is lower this year and how it affects your financial planning.
In today's update, learn about the 2025 Social Security Cost-of-Living Adjustment (COLA) and how it affects your benefits. Understand the reasons behind the lower-than-expected August COLA estimate for 2025, including the role of inflation and Federal Reserve interest rates. Discover how these changes impact your monthly Social Security check and what it means for your retirement planning for retirees including SSDI, SSI, seniors, veterans, and low income. Get insights into why many seniors are pushing for a better way to calculate Social Security increases, such as using the CPI for the Elderly (CPI-E). This will help you stay informed about key changes that affect your financial security and retirement income.
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Information is for educational and informational purposes only and is not be interpreted as tax, financial, or accounting advice. This does not represent a recommendation to buy, sell, or hold any security. Please consult your professional advisor.
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