Learn about the August estimate for 2025 Social Security COLA and how it impacts your benefits. Understand why the estimate is lower this year and how it affects your financial planning.

In today’s update, learn about the 2025 Social Security Cost-of-Living Adjustment (COLA) and how it affects your benefits. Understand the reasons behind the lower-than-expected August COLA estimate for 2025, including the role of inflation and Federal Reserve interest rates. 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. Get insights into why many seniors are pushing for a better way to calculate Social Security increases, such as using the CPI for the Elderly (CPI-E). This will help you stay informed about key changes that affect your financial security and retirement income.

Is your Social Security Getting an Increase? August 2024 COLA Estimate Update

Lesson Resource

• Teaching Lesson – Teaching lesson plans related to this lesson.

Money Instructor does not provide tax, legal, or investment advice. This material has been prepared for educational and informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or investment advice. You should consult your own tax, legal, and investment advisors regarding your own financial situation. Although the information has been researched and vetted beforehand, it may not be current at the time of viewing. Please note, the context of financial investments can be complex and dynamic, necessitating professional advice tailored to your unique circumstances.