A Different COLA Perspective - The Motley Fool
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The latest estimate projects a COLA increase of 2.57% in 2025, which is lower than it was in 2024. Of course, this is still an estimate and the actual number will be released in October. A smaller percentage could be viewed as an advantage because that will mean less payout and possibly an extension of the time the trust fund will run out, as Maurie Backman for The Motley Fool explains here…
Similar to many consulting organizations, the Association of Mature American Citizens (AMAC) has been heavily engaged in development of a solution that would preserve and modernize Social Security for generations to come. This effort by AMAC and its subsidiaries, AMAC Action and AMAC Foundation, has resulted in AMAC’s Social Security Guarantee (SSG), a slate of adjustments across a range of target areas with an intent to preserve the program for current beneficiaries and to align it with 21st Century demographics and economics.
AMAC’s SSG is balanced and singles no group out with excessive changes and designed to extend the solvency of the program and prevent across-the-board benefit reductions. Click here to learn more about AMAC’s approach to resolving Social Security’s dilemma.