Here is How Much Your Social Security Check is Going UP in 2025

[@Fernando-vb9ti]

I hate to say this but slowly but surely the government is diminishing our seniors social security system

[@RubyLahna-f6h]

Slowly? You mean rapidly fast

[@richardlewis1966]

@@Fernando-vb9ti I said the same exact thing!

[@tdelphia1]

2.5%. Well, that about covers increases in medicare; what about the REST of the increases in cost to stay alive these days?

[@Theretirementnerds]

Yep... :(

[@ws775]

Medicare increase will be about $10. So it is far more than that.

[@tdelphia1]

@@ws775 That's not the case for all of us. My part d increased $35 and I don't yet know my plan g increase, but it will surely be more than $5. I have a condition where an Advantage plan is not the way to go so my Parts b, D and medigap already exceed the SS increase. Many people can't do advantage plans.

[@steves3688]

@@ws775 Plus higher plan B annual deductible and increased supplement plan costs.....you have to look a the entire costs! And I can guarantee you the medicare supplement costs are a big portion of this increased costs....even advantage plans that are free are lowering benefits....2.5 is crap compared to true inflation and the increased medicare costs!

[@88888gerald]

medicare going up ten dollars and thirty cents....

[@stevebailey3960]

Government should get the same raise as we do ..let them live on peanuts.

[@larrymoore8094]

Hah. They get paid for doing nothing.

[@mariavandaatselaar6409]

I want see

[@KimSyracuse-d2s]

@stevebailey3960 nothing but the truth so help me God dearly let them live like we the people live

[@anitahoffman5927]

They should get paid for amount of work they dont do. Im all for paying them minimum wage.

[@ArlyceCoop]

Yes on the news has said our food is up by 30 percent in the last 3 years!

[@ladanehaten4283]

Thanks for the - 2.5 percent increase in my SS really helps to purchase more DOG FOOD.

[@joanpatek478]

That’s Disgusting 2.5% I wonder what Washington people get when they get a raise I really think a lot of their elderly’s and seniors don’t the 2% 2.5% what a disgrace

[@rosegombos2120]

@joanpatek478 those in politics should retire @ 65 like any other not work until 70+ and receive a great deal more

[@patriciajohnone]

People on Social Security are losing purchasing power because the cola is not keeping up with actual inflation.

[@JanBirkeland]

@@patriciajohnone it’s always been that way, our increase has always been lost to the medicare increase. What was the last increase we got from the government that really counted? So, now after a few years of keeping the increases down they hit us with a double whammy, suffering the double whammy of increases that diminishing our SS by the Medicare increase and our increase from the supplemental increase we received. We lost at both ends, thanks congress you just screwed every senior in the USA!

[@masterlee4370]

1975 I was 16 in high school and started my first job at National Food Store. I made $2.40 an hour. I remember getting my first check and going ask my Manager "What is all this stuff taken out my check. He said they call it "Taxes" lol. Here I am a million years later watching you on something called "You Tube" still learning stuff. If I start collecting in January my increase will be about $72.00 a month. It really does no one any good to get upset over the small increase, but I know some will. On another note and maybe I missed this in a past video but I now know why you named your other channel "Sodas on the Road" It makes total sense to me now. As far soft drinks I gave them up 18 years ago come November 13th. I replaced them with water. But before that I called them Soda Pops, Soft Drinks, and by their actual names. Great Job Explaining it all as Usual.

[@Theretirementnerds]

Thank you my friend! Sodas are what I've always called them... and my nickname didn't hurt :) I gave them up many years ago as well! Too much sugar. I don't like the feel of carbonation either.

[@657048bravo]

Ha! I use to work for $1.19 an hour!

[@KijayUD]

In 1991 I was hired on a $6.50 an hour working for GTE Directories I was surprised that you mentioned that a few of us called it "Coke" even though it wasn't...we always called soda a "Coke" that's what we called it no matter what the soda was ...I was born in Florida!!🌴

[@657048bravo]

@masterlee4370 when I was 16 I started to work at also a Grocery store I made $1.19 an hour it in texas was some time in the 70's today I'm now 68 years old.

[@bethesda1146]

You remind me of my Pop, one of the wisest people I ever knew, as he said, money comes and money goes, make sure you have some fun and above all try and help someone every day, as always you have been a great help.

[@SteveR-q4x]

2,5% increase does not do much, $200 a month increase is needed

[@gusgarza6529]

Yes. I Agree with You.

[@MarianTRitch]

$200 is only $1.66 a day! Bigger like $400 more!

[@MarianTRitch]

$200 is only $1.66 a day! Bigger like $400 more!

[@thomaschadwick4699]

Ever wonder why Advantage Plans are so popular... "2.5% COLA at approximately $50 is a joke. Just found out my supplemental Medicare insurance policy will increase by $48 per month next year. That leaves me a $2 increase. A $10 increase in the Part B premium will yield me a grand total COLA of minus $8. What a plan. "

[@Theretirementnerds]

Yeah... cola is basically cannibalized plus with normal living costs and healthcare.

[@JanBirkeland]

@@thomaschadwick4699 my supplemental went up $58. A month.

[@Bellaburr123]

I am livid

[@tammymills5461]

At 8% we are still living in poverty! President Trump needs to raise all bottom line SSA, SSI, SSDI, and start requiring high wage Over $175,000 a year pay their fair share.

[@JanBirkeland]

@ trump is going to try to eliminate it/ turn over our money that we paid into all these years to a private company or stock market, he sure in hell is going to give a 8% raise to anyone.

[@patriciasutherland8025]

Just received notice on SS increase , it is 8.00 and the Part B insurance went up 8.00 = 0 😡. Screwed Again!!!

[@Jaded57]

I am convinced they do this to give seniors a stroke so they don’t have to pay us anymore 😢

[@45ricanman]

2.5 means 25 dollars added to 6 or 9 hundred while the Ukraine gets 27 billion. Rent in Chicago, New York and California is 3 to 5 grand a month. This means for every dollar we paid we get a nickel in return. They could of invested the money and made the recipients millionaires. We love other countries and despise our senior's is B.S.

[@russelltackett4779]

Move

[@JanBirkeland]

@@45ricanman it’s not like Ukraine is handed billions of dollars in cash. What you aren’t understanding about Ukraine is the US is shipping Ukraine our military’s obsolete stock pile of weapons and ammunition, hence making room to stockpile newer a better ammunition for our own soldiers. It’s still cheaper than sending our soldiers into war with the likes of Putin!

[@45ricanman]

@@russelltackett4779 I don't live there I see you missed the point. You must be Ukrainian. They need to defend themselves and stop using our taxes that belong to our seniors and homeless Americans.

[@45ricanman]

@@russelltackett4779 I don't live there

[@deckerdax]

It's completely ridiculous. 2.5% doesn't do or help anything.

[@starlalowry2743]

My raise is an average of $25 to $30 monthly. Does not begin to meet raise in rent and groceries

[@geondy2]

The increase usually ends up being 25 dollars. The FED is double dipping in my case, I am covered by Veterans health benefits, and they still deduct medicare from my check. So in other words my time in service means squat.

[@suemilkbone4868]

Erik, you did an excellent job explaining COLA as well as the tax changes coming in 2025. You are always clear, thorough and concise in your videos, all of which makes your information easy and enjoyable to watch. My parents are from the Midwest, so we called soft drinks "soda pop."

[@Theretirementnerds]

Appreciate you so much! Your support is felt. Please know that! 🥤

[@barbarah8580]

Thanks for the update - I send my friends to your videos when they're trying to figure out Medicare. I grew up in New England and we call those sugary drinks "Tonic." I'm now in California and still call it tonic.

[@Theretirementnerds]

You're the 2nd one from the New England area to mention tonic! So interesting! I've never heard of them referred to as that. So cool! Appreciate you watching and sending friends our way :)

[@awen777]

As a senior watching the KZbin commercials for quality dog food, I'm game! They look delicious! Just not sure if I can afford one!

[@TeresaPatterson-l5o]

The organic ones look tasty

[@TimGrace-g7l]

Guess what. Part B going up social security. 5.9 percent. So this is out of hand.

[@dannyleblanc9699]

The social security system is not fair! mistake and started social security benefits at 62 will be finding employment to work till I drop to service and be homeless. Unfair system indeed.

[@commonsenseisntcommon1776]

What a slap in the face!! Inflation is at least 20%!!!

[@nala3038]

Inflation is not 20 percent!

[@uchinan_chiburu]

@commonsenseisntcommon1776 inflation is below 3% I believe.

[@csharp7926]

@@uchinan_chiburu gee. my grocery bill alone is up much more +han 3%. same wi+h fuel, u+ili+ies, ins. med, e+c.

[@Satjr35031]

Correct most of the food prices I see this year have not changed that much

[@csharp7926]

@@uchinan_chiburu wrong. food, energy, ins, medicare, e+c are up way more +han +ha+. medicare alone $174 +o $195, car ins $390 +o $440. 2.5% my a$$.

[@RJ-go3sn]

Eric, thank you so much for providing us with this info as soon as you have. TRN's videos are always appreciated!! It was called Pop where I was from early on (MI), but now I live in NC, so I often hear soda!! I don't drink them no matter what they're called!

[@Theretirementnerds]

I'm with you! I never drink them. Soda is what I've always called them :)

[@joesmith7427]

No Raise, just COLA!!

[@michaelpatterson1397]

I guess this what he ment by saying "make America great again "

[@wendyneal4900]

I grew up calling it pop. After moving to the east coast I now call it Soda. My husband grew up in the Midwest and calls everything Coke. Thanks for the great video!❤

[@Theretirementnerds]

Super interesting! Thank you for watching! 🥤

[@janiceingram952]

My girlfriend calls it sodi

[@Bloopie666]

Amazing! I can't wait! Bahamas, here I come!! 🙄 Here comes Soylent Green.

[@gusgarza6529]

2.5 Increase does'nt cut it! Need Higher Increase come Jan. 25.

[@juditherlitz9533]

My little bit of food stamps goes down after the increase,makes no sense

[@RubyLahna-f6h]

Medicare and income based housing eats any and all raises up.these poor old people can never truly get ahead any

[@draganastojadinovic1303]

2.5% for me 28 dollars increase. Bravo!

[@davidfolts5893]

Thanks, The Retirement Nerds. The soda jerk name was initially used because a person would jerk the handle when pouring a drink to allow the soda to come out.

[@Theretirementnerds]

I may or may not have been called that a time or two... but not for the delivery of soda :( 🥤

[@davidfolts5893]

@@Theretirementnerds 🤣

[@brendajhodges2349]

2.5 percent us better than nothing. Thankful for what I get.

[@JanBirkeland]

@@brendajhodges2349 2.5 % increase but they never tell you how much will be deducted for Medicare. Right now with the SS increase minus the increase to supplemental health insurance increase I am now $4.50 short per month add on Medicare deduction which I assume will be increased by 2.5 %. = 178.50 per month, total loss on monthly payments for 2025 183.00. Ponder that!

[@ethereal369]

It's not "better than nothing" when the increase causes you to lose the state covering your Medicare premium.

[@markbrown7103]

Yeah, it’s not bad. It’s just that all the people that get more money get a bigger raise. It’s all the lower income that don’t get crap and that’s the whole problem. You take some people that draw $3800 a month and get a 2.5% increase that’s a pretty good chunk of money but when you’re under $2000 a month like 1400 a month it sucks, shouldn’t complain but I do is the rich get richer and the poor get poor and that’s the way it’s always been🤷‍♂️🤷‍♂️👎👎😡

[@markbrown7103]

@@ethereal369 yeah I know and that’s the only thing that saves me otherwise I went and get Harley anything oh I got agree with you yeah beats nothing

[@rudygarcia8436]

In Texas where I grew up it was called soda water. I flew with a friend to Indiana and she asked the flight attendant for a soda water . The attendant asked my friend,"What do you want soda or water"? 😊

[@Theretirementnerds]

Haha, I would ask the exact same thing.

[@grobannoel]

And my rent is going up $100.00 a month. I make too much for any government assistance but don't make enough to live on. What's the answer.

[@vet137]

Stop electing millionaires that make claims they "understand"

[@Sdf43j]

People don't realize that inflation went up to 9 percent. Then it fell to 3% and has been at 2.5% every month. What people don't understand is that you have to add all those numbers together.Inflation is over twenty percent and I want to see a twenty percent increase in my social security check!

[@larrymoore8094]

Yup

[@davidjames6879]

I worked for SSA for 21 years, and constantly heard the mantra "How do you expect me to live on this"? The legislation creating Social Security was passed in 1934; the first payment (to Ida Fuller) was in 1937. At no time (and you can read the whole act if so inclined) was the benefit meant to be a sole source of income. It was to in additon to pensions or other retirement programs. So, no, the program was not meant to be a sole income source from the start. Addtionally, there are few retirement systems which grant COLAs or other payment adjustments during the lifetime of the payments. Social Security is an exception to that. And finally, I could never figure out why there is a divorced spouse benefit. This would be one of the categories that should be considered for removal to help shore up the progam. Just my thoughts.

[@Theretirementnerds]

Great insight! Divorced spousal would make sense to me if one spouse was at home and not working so the other spouse could work and grow the family's life situation. If a divorce happens, divorced spousal benefits allow the non-working spouse some safety net. I can see your point though. Thank you for watching!

[@geoman5695]

Good points .... I sometimes think that creating SSA did a disservice to people by allowing them to think that SS will take care of them - rather than having to actively plan for their retirement ...

[@July.4.1776]

@ Davidjames6879. You are 100% correct! …. I have known that social security was never intended to live off from the time I was ten years old! …. My grand parents always said you need to save as social security is just to keep you from absolute poverty..

[@LumieSoucek-r2t]

Legislation should be updated to the current situation of the people. 1930's is so much different from today, big difference. One source of income was enough to support a family, pay a mortgage and car payments on those days. Today is so much different. One source of income today do not get you a house. In 19th century people has pension plus social security. Pensions were long gone before the 20th century started. 401K replaced pension but prices had gone up to the point where it's impossible to save money in order to contribute to 401K. So who's fault is that? The government has all the power to make the situation better. But government failed to do their job.

[@robertbejarano9747]

@@davidjames6879 Thank you for your input. Much appreciated

[@jackfrank303]

When i was a kid in the New England area, in the 1960's, we called it tonic. I don't hear anyone calling it tonic anymore, soda is the common name now.

[@Theretirementnerds]

So interesting! Never heard soft drinks called that!

[@ChrisSadowski-pp1np]

I read if they made no changes the benefits would be reduced because payroll taxes will only be able to cover 77% of what is required. Low birth rates 1.6 kids per family, 2.1 needed for replacement is putting extreme strain on this social program along with Medicare. The full retirement age will be raised for certain people. Please people, save during your working years and not just to cover the company match on your 401k.

[@Theretirementnerds]

Here's this from SSA: www.ssa.gov/oact/trsum/#:~:text=If%20the%20OASI%20Trust%20Fund,costs%20for%20the%20upcoming%20year. That goes over the 83% figure. Hope that helps!

[@ChrisSadowski-pp1np]

@@Theretirementnerds thanks!!

[@awen777]

My wife is Chinese. She couldn't opt for US Citizenship because she was due to start receiving her Chinese Social Security at age 50yrs.! It was like $300US each month deposited into her account in China. Her spending power there with that money is very good. I remember renting apartments there for around $100US each month. And 12 years earlier than here?!

[@anthonygardner400]

This video was packed with useful (even if not happy!) information. Thank you. I need to grab a soda and rewatch it to make sure I grasped it all. Enjoy your weekend!

[@Theretirementnerds]

Thank you Anthony! Soda is our word too :)

[@thomasmoshier3920]

Love your channel. Always precise and to the point.

[@Theretirementnerds]

Appreciate you watching and saying this!

[@troyreneestephens4354]

I have been on SSDI and SSI since September 2002. .

[@paulineturski1476]

Yes, we get an increase, but the supplemental will go up as much as inflation!

[@Theretirementnerds]

Yep... probably more so...

[@michaelcoretto9629]

Well, 2.5% is better than 0. Should be able buy a couple sodas with it..

[@Theretirementnerds]

You are not wrong :) 🥤 Thank you for watching!

[@GGiblet]

Thank you for giving us the facts very quickly, appreciate that so much

[@Theretirementnerds]

Thank you for watching!

[@Jaded57]

2.5% this should help pay for at least 2 onions at the store 😡

[@tabasco7915]

So for those of us who are currently retired & drawing, are we really getting any kind of increase at all? From what I have been seeing we are going to rather be getting cuts.

[@Theretirementnerds]

You get a SS increase, but your Medicare costs went up at a higher percentage than the SS increase.

[@petrao8669]

Coke has always been my favorite ! Thank you, Eric.

[@Theretirementnerds]

Love it! Thank you so much!

[@williampickett3938]

THANKS FOR SHARING

[@Theretirementnerds]

Thank you for watching! 🙂

[@teamofone1219]

Oh wow 50 dollars how gracious of them. (Sarcasm)

[@russelltackett4779]

Tell them you dont want it

[@basking_in_it]

I've always called it soda. :) These tiny increases are insane. Especially when they increase the deductibles and monthlies on Medicare. It's not even a "wash". We end up paying out more than our increase. When you factor in that Medicare doesn't pay for vision or dental, and makes you pay extra for a drug plan, it's crazy to me how they expect us to live on this. Yes, I know there are Advantage plans, but those wouldn't work for me.

[@Theretirementnerds]

Thank you for watching! 🥤 A lot to think about for sure, and costs seem to go up by more than 2.5%...

[@eduardooramaeddie4006]

Hello 👋 cola 2.5 percent, thank you Eddie

[@Theretirementnerds]

Thank you Eddie!

[@beatrizcoloms861]

I really appreciate you providing mee with this information!!!!

[@Theretirementnerds]

Thank you for watching!

[@BucketWheat]

I am 72 years old, and was on Social Security Disability at about 60... (and also a 10% Military disability from the VA) When I turned 65, I was shifted from "Disability SS" to regular SSI... But my monthly pay is only $1840... Less than standard SS ??!! (current average is $1907) WHY is my current monthly payment LESS than the Regular payment? I paid Social Security prior to going on to Social Security at about 60 {due to my permanent injuries, which were declining and getting more painful}... I was working full-time during most of the years prior to that, even though my disabling injury happened just one year after the end of my Military Service in the MARINES (during active War Time) my only 'breaks' in paying Social Security were during times away from work due to needed Surgery due to my injuries... In Fact, I began PAYING INTO SS at age 16!! working after school and all Summer! By the time I left the Marine Corps, in 1973, I had already 'paid in' enough to "Qualify" for Social Security... [ I had an injury while on active duty in the Marines, qualifying for a 10% permanent Disability... then one year after my 'Separation' I was the victim of an almost fatal traffic crash, Labor Day Weekend of 1974, when another driver ran a stop sign... Broken back, right hip replaced, and femur 're-constructed' and left knee damaged severely and later replaced...] Yet, I continued to work, and pay into Social Security until about 1992 {60 years old} ... about 18 years. So why would my monthly payment be LESS than the normal average payment?

[@troyreneestephens4354]

I am turning 64 in 2025 I have been receiving SSDI and SSI since September 2002

[@nowofficial2853]

Another very helpful video: clear and to the point. I particularly liked your example which showed that even though the COLA wasnt as high a percentage as the probable percentage increase of the Medicare Part B premium, the average SS recepient would still have excess in their increase. I wonder if you are aware and intentional about the speed at which you read the scripts. Some of the videos (like the state ones and this one) are much faster than others (like the 20 year comparison one). Is that intentional? Here in Ohio it's Soda. Growing up in Alabama it was Coke even if it wasn't Coke.

[@Theretirementnerds]

Thank you so much for watching! I'm not trying to speak fast :( Believe it or not, I think I've actually slowed down compared to earlier videos. Trying to find the right balance :) Thank you for watching!

[@dannyleblanc9699]

Mad mistake and took social security at 62 will be back to work till I drop all is a unfair system

[@karinhart489]

I’m not taking my SSA benefit yet (waiting for full retirement age), so I’m waiting for the price of Part B, final price of my G Plan supplement next year (can’t tell if what I got was just that happy Birthday bump or next year too), and look at the Part D prices after Oct 15th. In the SF Bay Area we called sugary carbonated drinks in a can “soda pop”. I suspect that’s because after WW2 we had a great migration here of people coming from everywhere. Later one might ask for a bottle of pop or a can of soda. I gave up drinking them more than a year ago to improve health. More trivia on “ soft drinks”, what the industry cals them: The world headquarters of Shasta Sodas is in Hayward nearby with a the worlds largest soda pop can out front pretending to be a sculpture (bet it’s a water tower!). Interesting that their web address is “Shasta pop” as one word. I think our favorite flavor as kids was black cherry. PS: those certain people hung up on their cola flavored soft drinks seemed to always call them by the brand name. Here & elsewhere in my travels.

[@Theretirementnerds]

Wow! So interesting! Thank you for sharing!

[@jeffreywright3499]

POP, I've always been confused how a percentage increase is considered fair. Someone that has been a low wage earner might get a 25 dollar increase in retirement benefits while high wage earners might get closer to 100. I saw the same thing with raises while I was working. It seems to increase the spread between rich and poor. Can someone help me understand this?

[@susankrautbauer1987]

thanks for making SS COLA clear…certainly easier than naming carbonated beverages…in MN it’s pop, but moving across the country it’s primarily soda. But earlier wendyneal4900 said her hubby grew up int he Midwest and calls it Coke, which I have not found that term in the Midwest, but rather is more prevalent in the Southeastern states. LOL. Confusing and complex just like SS and Medicare, eh?

[@Theretirementnerds]

Haha! Very confusing. I'm in the intermountain west. Always been soda for me : ) Thank you for watching!

[@lisahunemuller746]

Not enough for food or prescriptions.

[@FunkyMhunky]

SodaPop (raised in Midwest then moved to the East coast). Thanks for your channel and information!

[@Theretirementnerds]

Love it! Thank you for watching :)

[@tomm7505]

Thanks for the video, Erik. Soda's the word.

[@Theretirementnerds]

Thank you Tom! :)

[@ph5915]

Hmm, I've used te generic terms soda, cola, soft drink in casual conversation. But when ordering or asking I would be specific - Coke, Pepsi, Sprite, etc. back in the day, before I started cutting sugar...I never liked the idea of saying "Coke" as a general catch-all.

[@Theretirementnerds]

Interesting... always been soda for me unless using a specific brand 🥤 :) Thank you for watching!

[@DonnaKelley-zb4bz]

That raise in social security means nothing to me because medicare will take it they will raise the payment to them.

[@mrbigcat9]

Question If you wait until you are at the age of 70 does the amount that you would get at the age of 70 include all of the COLA adjustments from age 62 to age 70 that people were getting because they choose to collect social security between 62 and 70?

[@Satjr35031]

No you get all the COLA increases regardless when you start collecting

[@vinnyg2619]

Yes, if you go on the SS website in Dec then in Jan you'll see the difference. The COLAs do get added to the SS amount every year after you turn 62 along with the increases of waiting until after FRA up to 70 YO.

[@Sdf43j]

Yes, but if you got the covid vaccine or eat what they're putting in the food, you never get to 70, so take it now!

[@mildred7389]

Do they think that little bit Will really help as high as everything is so high

[@robertbejarano9747]

Social Security has problems. But, if we vote in the politicians who support Project 2025, then it will be a thing of the past.

[@michaelpatterson1397]

The Democrats tried to tell all of us this was going to happen.

[@stereo8893]

This was a great video. Very informative. We call it soda.🥤😉

[@Theretirementnerds]

Love it! Thank you! 🥤

[@paulk2211]

Big deal change the way they calculate the increase a lousy 600 bucks a year isnt going to cut it for Anyone

[@lynncm3188]

I say what ever congress votes to give themselves a raise we should get the same.

[@rudygarcia8436]

The COLA usually pays for my Medicare part B, so I never really see it

[@Theretirementnerds]

Yep...

[@vinnyg2619]

We called it soda. I was on a plane coming from Buffalo, NY and a bunch of kids were yelling "Pop" and was wondering why so many kids were calling forbtheir dad ... they called what I called soda - pop! 😂 Some COLA is better than none. My pension doesn’t have a COLA so it's going to be worth a lot less as time goes on!

[@Theretirementnerds]

That's funny! Pop means dad to me, too! Agreed! Some COLA is better than none!

[@jacquelinedixon6438]

Well that's about $ 29.00 extra for me,wow,they wanted to give me $21.00 for Snap,wonder if our lawmakers could live on this.

[@raleedy]

Part B?

[@Theretirementnerds]

Did I misspeak somewhere? Part B premiums will increase. Hasn't been released yet.

[@timmcchesney46]

2.5 % !!! What a joke !!!

[@susanmoberg8204]

Soda! Thanks for the info.

[@Theretirementnerds]

Thank you so much! 🥤

[@PS5820-wv7kk]

Soda pop is what I grew up calling it. Thanks for the video.

[@Theretirementnerds]

Thank you so much for watching! 🥤

[@ronhazlett2289]

Pop I heard they were only reducing your check by 10% if you go over earning limit in 25

[@gloriasnavely4198]

Are they serious. As high as groceries are, how do they expect you to make it?

[@cjlowe1650]

That 2.5% barely covers my rent and utilities increase nor the 10-20% inflation! WTF!

[@elizabethboulais8311]

Are social security recipients the only ones who see that the 2.5% raise is wiped out by the Medicare increase for 2025?. We get ZERO. My rent is determined by my income so it will go up and now I have less money next year then this year. Where is the help we have been waiting for? Shameful.

[@michaelpatterson1397]

Kamala tried to tell us, but most of you would not listen.

[@elizabethboulais8311]

@ The government has taken $1.7 trillion out of our social security fund and the Biden Administration was responsible for a huge part of that theft. Where did it go? Ukraine and illegals. Harris had no new ideas for social security but reiterated she goes along with what Biden is doing. Neither candidate was a threat to cutting benefits. What I remember about Harris is that every subject she talked about was rambling on endlessly and saying nothing. She never answered a direct question with a direct answer. It was comical after awhile. The 2.5 raise is brought to us by the Biden administration.

[@mikehenderson2039]

Erik, Great information, as always! Next time, do a video that explains IRMAA...(I had no idea about this totally unfair added cost, just because I saved and planned well for my retirement!) By the way, is it true that the income numbers used to determine when IRMAA rears her ugly head are NOT indexed to annual costs of living (COLA)?

[@Theretirementnerds]

Thank you Mike! Let me know if this video is what you were thinking: kzbin.info/www/bejne/onWakpppbNZ7ZtU Income used for IRMAA is from your tax return 2 years back.

[@mikehenderson2039]

@@Theretirementnerds Erik... thanks for pointing me to an excellent primer on the topic of IRMAA , but I was really curious about the income limits and if they have been indexed with inflation.

[@surf6009]

I don't purchase any type of soda anymore. Not good for ya, and water is cheaper. Get a water filter pitcher and make it at home.

[@Theretirementnerds]

I agree :)

[@idareagan8874]

When I retired early, SSI cut my SSI benefits in half and then added my retirement payment. Which means I’m still getting the same lowest amount of a child on SSI. Why did they cut my benefits? Why didn’t I keep my full SSI benefits plus my retirement benefits ?

[@kaywalton7147]

I have never had an increase. Am in my 80's and wonder why I never get anymore than I have received in years. My husband has been dead for 13yrs and still no increase. Both he and i have worked all our lives. I started work at 17. Had time off to have my children but went back to work when they got older,even paying for a sitter.

[@donaldahern9930]

2.5%! Big F'en deal!

[@alaskacpu]

Some of us with ssa & pension, I could lose money 😢

[@robertawilkes6531]

I think it’s all smoke & mirrors Thank you for trying to explain

[@DanStewart-d6i]

I drink SPRITE!Less Sugar!!

[@Theretirementnerds]

Love it :) 🥤

[@mred9972]

I get $984. Month can only earn 22,300. My town taxes homeowners insurance almost doubled in 2 years not my income

[@4trueHra]

What else’s can I buy with my increase of 20. +$

[@Ugot2BkddnMe]

S O D A ! for the win~

[@Theretirementnerds]

Love it! Thank you so much!

[@conureron3792]

I basically only drank coke…so coke described the carbonated drink I consumed. If I deviated from coke, it was a soda.

[@Theretirementnerds]

Love it! Thank you! : )

[@wendygriffin5908]

All the social security yearly raise just barely covers the cost of the medical insurance increase.

[@noturningback2023]

One year I got a dollar less on my SSA pension, because the increased Medicare deductible ate it up.

[@NativeBlackAmericanTv]

"Pop"---Western Pennsylvania

[@Theretirementnerds]

Love it! Thank you! 🥤

[@657048bravo]

The only cola we get truly is a cola, but the wrong end.

[@DiamondLil]

I think they should reduce the SS tax rate but eliminate the cap. Take a smaller percentage but from every dollar.

[@WandaGilliam-mv8vf]

I know that’s right I only get $2389 a month by the time I pay rent pay all my bills I have no money left and I only get $83 dollars in food stamps

[@WandaGilliam-mv8vf]

I only get 1389 not 2389

[@Bonnie-b6p]

We that's all well and good but by the time medacare is increased there gos the raise. So no help at all. If medcare would stop going up then we may have a chance in making our bills each month with just a little bit left to pay for our meds