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Predictions for 2025 COLA
Although the 2025 Social Security cost-of-living adjustment announcement is not until mid-October of this year, experts are already predicting it could be the lowest since 2020. Mary Johnson, Social Security and Medicare policy analyst for the Senior Citizens League, stated, “It could be as low as 1.4 percent, down from 3.2 percent this year.” Jessica Hall reports on the estimated COLA for 2025. Read Ms. Hall’s article here…
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i have a question, when are people who are retired and on disability who don’t get a lot to live off of each month and are just barely making it. when are a lot of us going to be able to get at least $5,000 dollars a month so that we can have money that will at least bring the whole system up to date with the cost of living, seeing that the cost of living has gone through the roof. what a lot of us are getting each month now is just not cutting it at all.
Angelo:
Thank you for the comments. We understand your concerns with Social Security retirement and disability funding levels, and are actively engaged with our parent organization (AMAC, Inc.) in addressing the insolvency issues facing both programs. One of the recommendations we’re advancing, for example, would reshape the way cost of living adjustments (COLAs) are made so that low income folks receive a higher amount than high earners. This change would also ensure that there is always at least a minimum annual adjustment (three times since 2008 the annual adjustment has been zero).
In any event, you concerns are noted and will be included in the continued development of the AMAC Social Security Guarantee, a proposed set of legislative changes we will be submitted to Congress in the next few months.
Thank you again for contacting us.
Gerry Hafer
AMAC Foundation Social Security Advisor
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I am a Republican retiree only have S.S and a very small investment my wife and I come up short by $ 1200 month to pay all our bills we need help Republicans and Democrats why are we giving so much to illegals and not to retirees. We have been left behind.