There's Some Bad News for Social Security COLAs in 2025 and Beyond

According to the latest estimates, Social Security’s cost of living adjustment is expected to be about 2.63% when it is reflected in recipients’ checks next year. But according to a recent New York Federal Reserve survey, some of the costs that disproportionately affect older Americans are expected to rise much faster, as Certified Financial Planner® Matt Frankel discusses in this video.

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[albertogarcia]

Inflation is real high and the government is saying that it is good if it's good then why are poor people struggling right now

[davidwysocki]

Thanks, Matt, for your informative discussion on Social Security COLAs estimated for 2025.