Social Security Announces Lowest Cost of Living Adjustment in Four Years

GUEST: Jenn Jones, VP of Government Affairs, AARP   TOPIC: Each year the Social Security Administration announces the cost-of-living adjustment (COLA) for the upcoming year. Last week, leaders announced a 2.5% COLA for 2025. That is smaller than recent years – attributable to slowing inflation.   COLA increases are meant to offset rising prices including food, gas and living expenses. This year, retirees on a fixed income have struggled to keep up with inflation and the 2025 COLA is expected to provide some relief.     Listen to Previous Episodes: https://takeprideinretirement.com/ Connect with Matt: https://takeprideinretirement.com/#contact Subscribe to our YouTube Page: https://www.youtube.com/@TakePrideinRetirementShowTake Pride in Retirement is proud to be named one of the top Pride podcasts on the internet by FeedSpot. For more, go to https://blog.feedspot.com/pride_podcasts About Take Pride in Retirement:Welcome to Take Pride in Retirement: A podcast dedicated to retirement planning solutions for the LGBTQ community. Our goal is to help educate you about ways to protect your hard-earned money while experiencing market-like growth at the same time. Matt McClure is the host of Take Pride in Retirement. He is a licensed fiduciary financial advisor and Certified Annuity Specialist. The Institute of Business & Finance (IBF) recently awarded Matt with the only nationally recognized annuity designation, CAS® (Certified Annuity Specialist®). This graduate-level designation is conferred upon candidates who complete a 135+ hour educational program focusing on fixed-rate and variable annuities. Matt currently lives with his husband and two dogs in his home state of Georgia but spent more than 10 years in New York City. While in the nation’s #1 media market, he worked for The Wall Street Journal Radio Network, Spectrum News NY1 and WCBS Newsradio 880. A highlight of Matt’s career has been reporting regularly from the floor of the New York Stock Exchange.