Will Your Social Security Payment Increase? September 2024 COLA Update for 2025

Learn how the 2025 Social Security payment increase might affect your monthly benefits. Get insights into the 2024 September COLA estimate, inflation, Medicare premiums, and practical ways to manage your retirement income.

In today's update, you’ll learn about the upcoming 2025 Social Security increase and how it may affect your benefits. We cover important topics like the estimated 2.5% Cost of Living Adjustment (COLA), how inflation impacts your Social Security payments, and why a smaller COLA can still be beneficial for retirees. You’ll also learn about Medicare premium increases, budgeting strategies, and tips for managing your retirement income. 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. Whether you’re relying on Social Security as your main income or supplementing it with part-time work or savings, this is essential information for anyone navigating retirement finances in 2024 for 2025.

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Information is for educational and informational purposes only and is not be interpreted as tax, financial, investing, or accounting advice. This does not represent a recommendation to buy, sell, or hold any security. Please consult your professional advisor.

[FarleyMan]

2.5% is a bad joke, when inflation is running @ 20%

[annaschofield]

Government teaching us to stretch our dollars as they prepare to go bankrupt due to over budget. What was the average raise of a politician?

[keithkruse]

This is an incredibly bad joke. I just retired after 50 years of hard work and tax paying. If they paid SS to those who actually worked for it, we could survive on it now you can actually claim social anxiety-that you can't function around other people, and get it. Too many losers have not and will not PAY the price, the weakest human beings, scared to experience hardship and what it's like to have a job and still be hungry. To be awake at night and cry about it.

[lookoutcam]

How about increasing the Social Security death benefit.. $255 is bull crap. They paid that back in 1960 and its never been increased.

[enzopiano-pm]

helow sir my maam get the payment on august at a check but on this september there have no pension why?

[lostnsixties]

This seems like a SSA propaganda video. SSA is saying " chear up things could be worse " The shortages will be shared equally amongst all the peasants.