The estimated Social Security increase for 2025 keeps dropping

Published: Sep 10, 2024 Duration: 00:01:38 Category: News & Politics

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the estimated Social Security increase for 2025 continues to drop as inflation rates stabilize affecting the annual cost of living adjustment Cola for beneficiaries initially projected to be higher due to Soaring inflation the anticipated increase has been revised downward as inflation cools signaling smaller adjustments to monthly payments the Coler is calculated based on the Consumer Price Index for wage earners and clerical workers CPI W which measures inflation with prices stabilizing the increase in benefits is expected to be modest compared to previous years this may disappoint some social security recipients especially those on fixed incomes who have been struggling with the rising cost of living however a lower Coler also indicates an improvement in the broader economy and reduced in inflationary pressure [Music] [Music] [Music] [Music] [Music]

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