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Join Marvin Musick from Medicare School as he shares the latest forecasts for the Social Security Cost of Living Adjustment (COLA) for 2025. He gets into how recent changes in inflation could affect Social Security benefits. There was a significant increase in 2023 and a decrease in 2024. So, what is it looking like for 2025?
Marvin provides an overview of the expected COLA for 2025, using data from the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) to explain how Social Security adjustments are calculated annually.
Understanding the potential impact of these adjustments on Social Security recipients is crucial. Keep up with Medicare School for the latest updates and insights into Social Security and Medicare.
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