5% Social Security COLA forecast
In this video, we are discussing the Social Security cost of living adjustment otherwise known as COLA increase which is applied to benefit checks at the beginning of each year but it is announced in October of the previous year and the inflation date that is gathered for those three months is between the three months of July, August and September. We are discussing the details of a potential 5% cola increase in 2025 for millions of Social Security beneficiaries. This is based on the most recent economic data and where the trend is currently progressing as of right now as we could potentially be seeing a 5% cost of adjustment in 2025. This is a Social Security increase, Social Security update, Social Security COLA update, 2025 Social Security COLA.
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