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Michael Ruger - Greenbush Financial Group

チャンネル登録者数 2.54万人

5082 回視聴 ・ 26いいね ・ 2024/10/30

Social Security Cost of Living Adjustment (COLA) Increase: 2.5% In 2025

📋 Video Summary:
The Social Security Administration recently announced that the cost-of-living adjustment (COLA) for 2025 will only be 2.5% for 2025. That is a much lower COLA increase than we have seen in the past few years, with a COLA increase of 3.2% in 2024 and an increase of 8.7% in 2023. According to the Social Security Administration, the 2.5% increase in 2025 will result, on average, in a $50 per month increase to social security recipients.

Immediately after the announcement, many retirees voiced their concerns that a measly 2.5% increase is not enough to keep pace with the cost increases that they are experiencing in groceries, insurance, rent, and other everyday expenses.


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❓ Have Questions About This Video?
Contact Michael Ruger with Questions: 518-477-6686 or mruger@greenbushfinancial.com
Visit our website: www.greenbushfinancial.com/
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0:00 Intro
0:57 Past/Current Adjustments
1:40 Medicare Premiums
2:28 How Is COLA Calculated
3:33 Retirees are in a Tough Spot
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#michaelruger #greenbushfinancial

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