Social Security COLA 2025 Prediction: August 2024 Update

Introduction in this video we'll discuss August prediction for the 2025 Social Security cost of living adjustment stay tuned you won't want to miss [Music] this hi I'm ravan stavron I work with hundreds of Medicare agents Across the Nation and I lead Medicare education at Connie Health 2024's Cola is COLA 2025 Predictions 3.2% can we expect the 2025 Cola to match that the senior citizens League releases its estimates every month leading up to the official Cola announcement which usually happens the second week of October every year so far Senior Citizens League Monthly 2025 COLA Predictions the senior citizens league has estimated the 2025 Cola to be at 1.7% in January 2.6% in March 2.66% in April 2.5% in May 2.63% in June and back to 2.57% in July each of these estimates is based on the Consumer Price Index or the cpi-w in 2024 the cola is 3.2% so the 2025 Cola is definitely looking like it's going to be a decline in benefits in 2024 the 2024 Social Security COLA Average Monthly Benefit average benefit Rose about $50 per month after subtracting the $980 cents for the Medicare Part B premium increase most people receiving social Security retirement benefits had an increase of about $402 per month it seems that the Latest 2025 COLA Prediction predictions for the 2025 cola have been fluctuating around 2.5 to 2.6% for the last several months but there are a couple more months left and we could see that fluctuate further in this video we Shar the senior citizens League's Social Security 2025 Cola prediction we'll continue to track the 2025 Cola and share an update with you every month between now and October if you like this video hit the like button and if you want more videos like this and to follow our Cola predictions subscribe to our Channel until next time

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