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Social Security COLA Estimate Drop: Impact on Benefits & Retirement | June 2024 Update
Learn about the 2025 Social Security COLA estimate drop and its impact on your benefits. Discover how it affects your retirement income and what you can do to manage your finances.
In today's update, learn about the 2025 Social Security COLA, why it’s projected to drop, and how it affects your benefits for retirement and SSI (Supplemental Security Income), SSDI (Social Security Disability Insurance), survivors, and spousal benefits. Understand the impact of COLA on your retirement income, why it often doesn’t keep up with inflation, and the long-term financial implications. Find out how rising living costs, like food and housing, impact seniors and what steps you can take to manage your budget better. Get insights into the importance of accurate COLA adjustments and how to stay informed and prepared for financial changes in 2024 and beyond.
*FOR UPDATES SUBSCRIBE TO OUR TH-cam CHANNEL:*
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*VIDEOS TO WATCH NEXT*
The Truth About the $600 Social Security Payment Increase
th-cam.com/video/9T8rA8myagQ/w-d-xo.html
Is There Really Going to Be an IRS $8700 Stimulus Check?
th-cam.com/video/rChPA5RLt-c/w-d-xo.html
Increase Social Security Funds with Immigrant Contributions
th-cam.com/video/ip7egdEDxZ0/w-d-xo.html
Will There Be a 4th Stimulus Check? Here’s What You Need to Know
th-cam.com/video/Q7kzAGGZj7M/w-d-xo.html
Is Your Social Security Getting a Boost? COLA Update Explained!
th-cam.com/video/8DzsaMJELKs/w-d-xo.html
Can You Really Live on Social Security Alone? Why Seniors Can't Make Ends Meet
th-cam.com/video/r4DeJJOtPn4/w-d-xo.html
Big Changes to Social Security Benefits: New SNAP Rules Make It Easier to Qualify for SSI
th-cam.com/video/DJ7GO69BpTw/w-d-xo.html
Reduced Benefits? Extended Solvency and Future Benefits | Social Security Update 2024
th-cam.com/video/RYBkVV0znEc/w-d-xo.html
Easier to Qualify for SSDI and SSI Benefits? How New Rules Affect You
th-cam.com/video/ly-ETxEalhI/w-d-xo.html
Social Security Increase: New Plan for Bigger Checks | Boosting Benefits and COLAs for Seniors Act
th-cam.com/video/xyvDNS4i6Aw/w-d-xo.html
How the New SNAP Legislation Affects Social Security Recipients | Impact on your Benefits
th-cam.com/video/nON7h0Yy3PY/w-d-xo.html
Social Security Update: How SSI Rental Subsidy Expansion Increases Benefits
th-cam.com/video/Y8o3hg3yTyA/w-d-xo.html
Social Security and Inflation: Update on COLA Increases
th-cam.com/video/6_g81BmsOaQ/w-d-xo.html
Retirement Playlist
th-cam.com/play/PL8ILVzj8ksWZZPdVPGOpNpTL1d7Md5CQK.html
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Money Instructor has been a leading resource in financial education for over two decades, empowering educators, financial advisors, students, parents, and individuals with essential topics in financial literacy. Our extensive coverage spans personal finance, money management, saving money, budgeting, investing, business fundamentals, taxes and taxation, Social Security, retirement planning, tax credits and refunds, economic stimulus checks and payments, as well as debt management-including credit card debt and interest rates. Additionally, we explore monetary policy, inflation, housing market trends, government legislation, political news, stock market dynamics, economic trends, improving credit scores, career development, housing and rent issues, and strategies for wealth building. By providing educational resources and tools, we help ensure you are well-informed and updated with the latest news and developments in these areas.
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#socialsecurity
#COLA2024
#RetirementPlanning
#InflationImpact
#socialsecurityupdate
#RetirementBenefits
#moneyinstructor
#financialeducation
#financialliteracy
Money Instructor does not provide tax, legal, or financial advice. This content is for educational purposes only and not meant as professional advice. Consult your own advisors for specific guidance. While the information provided has been researched and vetted, it may not reflect the most current legal or financial developments. Viewers are encouraged to verify the currency of the information, especially before making any significant financial or legal decisions.
มุมมอง: 1 284

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ความคิดเห็น

  • @marvinalejandroarancibiata3345
    @marvinalejandroarancibiata3345 18 ชั่วโมงที่ผ่านมา

    Best video ever

  • @DamplyDoo
    @DamplyDoo 19 ชั่วโมงที่ผ่านมา

    As with any stimulus, money/voter-printing scheme, those of us who are "too successful" will receive nothing.

  • @MarilynRiggins-er2xd
    @MarilynRiggins-er2xd วันที่ผ่านมา

    Thats bunch bull we aintbgetying nearly what we should nos and not gotten but onr stimukad money none other we aint git no help at all promises that never kept lies why are we bring done so wrong we nedd extra extra help too eherd ours at when hub this sont roghy st alll liers🤔🙄🤨😞😭😵😖😮‍💨

  • @wirelessoneinc9386
    @wirelessoneinc9386 วันที่ผ่านมา

    If I have to give a head gesture to the person preparing my food, then there is something going on. I say they should all have scales where they put your food on, and all portions should be a certain weight in grams/oz/whatever and you watch the scale. There! Solved!

  • @dannybowen3550
    @dannybowen3550 วันที่ผ่านมา

    I don't know who put this 31 days in June

  • @jeanieyoung2023
    @jeanieyoung2023 วันที่ผ่านมา

    I found a dollar bill with a B in the circle and it has 2013? So how do I let folks know so they may have the match of the

  • @NatashaDortch-ow6fk
    @NatashaDortch-ow6fk 2 วันที่ผ่านมา

    W2Form's./Bname. nd./D

  • @119jle
    @119jle 3 วันที่ผ่านมา

    I paid into social security 42 years and bring in $1800. My neighbor never paid in more than 14 years min wage jobs. Claims disabled and gets $3400 month. BS

  • @donaldconnelly1748
    @donaldconnelly1748 3 วันที่ผ่านมา

    Many People Are Hoping For Relief But All We Are Getting Is A Bunch Of Lies From The IRS, Social Security, And The White House

  • @HelenHelgason
    @HelenHelgason 3 วันที่ผ่านมา

    Healthcare insurance isnt other's insurance isnt requires on earth whatsoever that no everyones works to pay the taxes already including the governments of the world's must be covered gor the peoples as citizens iverall beings by the Universe laws and rules effectively immediately by the Stage's of the world's Elsa Helgason

  • @HelenHelgason
    @HelenHelgason 3 วันที่ผ่านมา

    Isnt tbe right calculations of the currency thst will caused the unbalanced for the trades marketplace not equally then the world's struggling turning to the greedily; in fact, becau3the currency rates destroying the world's of the economic and financial failures?!?!?! Therefore, no countries of the esrth equations can setup who's they're anymore and taxes rates must balance with each country's equally balance that every different skins color and who's you are where's you ckmes from already mixing up in each equations of the earth that tbe country's name isnt have meaningful whatsoever anymore.

  • @foxslayer321
    @foxslayer321 3 วันที่ผ่านมา

    Get serious it's a election year Remember that

  • @tylerchadderdon8763
    @tylerchadderdon8763 3 วันที่ผ่านมา

    How about you just take less taxes out of my check instead of taking it and giving it back in some bs way

  • @dougshewmaker3270
    @dougshewmaker3270 3 วันที่ผ่านมา

    I believe a better solution would be to eliminate the tax rate on lower income workers. All the talk is about the benefit to tipped workers but what about service workers that make lower income but do not have any opportunity to receive any tips. It makes sense to lower tax rates to benefit all wage earners below a certain income level. Think about service workers performing maintenance, janitorial, landscaping, and manual labor.

  • @Robin-uu7ql
    @Robin-uu7ql 3 วันที่ผ่านมา

    Can i get SS and Ssdi at the same time

  • @user-vs4sm9ts2v
    @user-vs4sm9ts2v 3 วันที่ผ่านมา

    No checks all a scam

  • @user-sp7wn6hb5h
    @user-sp7wn6hb5h 3 วันที่ผ่านมา

    The only time social security gives an increases is at the end of the year and if social security was going to give an increase they would notify everybody. you won't have to pay attention to some crazy video on the internet I already spoke to social security about this stuff too many sites claiming social security going to get a raise which is false we won't get a raise until the end of the year and that's during the cola only if there's been inflation increase so all you people out there don't believe internet videos or Internet stories about social security increase if you have a question call social security themselves don't pay attention to these dingleberries on the internet they are lying to you social security will never give an increase in the middle of the year

  • @JEM-db2rl
    @JEM-db2rl 3 วันที่ผ่านมา

    I block these sites and report them as scams

  • @larrywilliams6030
    @larrywilliams6030 3 วันที่ผ่านมา

    Nothing I say is going to help until we get someone in office that cares about Americans and stop getting into Americans money for other countries

  • @user-rj4cg8cj7x
    @user-rj4cg8cj7x 3 วันที่ผ่านมา

    Help me

  • @chilidog4557
    @chilidog4557 3 วันที่ผ่านมา

    This must be a location thing, cause I've always got satisfactory portions. But I also ask for how much I want of each item, that part is common sense though.

  • @JasonCrozier-pl8wv
    @JasonCrozier-pl8wv 4 วันที่ผ่านมา

    I got a cane

  • @Wistundra
    @Wistundra 4 วันที่ผ่านมา

    Your calculation is wrong ! Social Security only covers a much smaller percentage of your prior take home pay to begin with ! Second, S.S. inflation calculations on the way the government figures it which is a lie ! Even if you are living on S.S. the purchasing power continues to erode over time. One other thing, Medicare premiums keep going up ! Subtract that from your monthly benefit and then see just how much of an increase the inflation adjustment gives you !

  • @moneyinstructor
    @moneyinstructor 4 วันที่ผ่านมา

    👉SUBSCRIBE FOR UPDATES: www.youtube.com/@moneyinstructor?sub_confirmation=1 VIDEOS TO WATCH NEXT: The Truth About the $600 Social Security Payment Increase th-cam.com/video/9T8rA8myagQ/w-d-xo.html Is There Really Going to Be an IRS $8700 Stimulus Check? th-cam.com/video/rChPA5RLt-c/w-d-xo.html Increase Social Security Funds with Immigrant Contributions | Update 2024 th-cam.com/video/ip7egdEDxZ0/w-d-xo.html Is Your Social Security Getting a Boost? COLA Update Explained! th-cam.com/video/8DzsaMJELKs/w-d-xo.html Can You Really Live on Social Security Alone? Why Seniors Can't Make Ends Meet th-cam.com/video/r4DeJJOtPn4/w-d-xo.html Big Changes to Social Security Benefits: New SNAP Rules Make It Easier to Qualify for SSI th-cam.com/video/DJ7GO69BpTw/w-d-xo.html Reduced Benefits? Extended Solvency and Future Benefits | Social Security Update 2024 th-cam.com/video/RYBkVV0znEc/w-d-xo.html Easier to Qualify for SSDI and SSI Benefits? How New Rules Affect You th-cam.com/video/ly-ETxEalhI/w-d-xo.html Social Security Increase: New Plan for Bigger Checks | Boosting Benefits and COLAs for Seniors Act th-cam.com/video/xyvDNS4i6Aw/w-d-xo.html How the New SNAP Legislation Affects Social Security Recipients | Impact on your Benefits th-cam.com/video/nON7h0Yy3PY/w-d-xo.html Social Security Update: How SSI Rental Subsidy Expansion Increases Benefits th-cam.com/video/Y8o3hg3yTyA/w-d-xo.html Social Security and Inflation: Update on COLA Increases th-cam.com/video/6_g81BmsOaQ/w-d-xo.html Retirement Playlist th-cam.com/play/PL8ILVzj8ksWZZPdVPGOpNpTL1d7Md5CQK.html

  • @Karina-jm2oe
    @Karina-jm2oe 4 วันที่ผ่านมา

    Nice! Thanks for the video

  • @heidib9275
    @heidib9275 4 วันที่ผ่านมา

    There’s no reason to continue tip reporting if it’s not taxable income.

    • @moneyinstructor
      @moneyinstructor 4 วันที่ผ่านมา

      Even if tips were not considered taxable income, reporting them remains essential for several reasons. It maintains transparency and accountability in financial records, ensuring accurate wage calculations and compliance with labor laws. Accurate tip reporting also contributes to important economic data used by policymakers, helps employees qualify for loans and credit by providing a clear picture of their earnings, and ensures fair distribution of benefits like retirement contributions and insurance.

  • @lorenalivoli9516
    @lorenalivoli9516 4 วันที่ผ่านมา

    I’ve been working since the age 14 and I’m a US citizen not to mention a single mother! I had to leave my job due to a two hour commute and being verbally abused. I’ve been searching for a job and the government will not help me out whatsoever! They say “I make too much money” in theory I don’t at all. With the rising cost of everything and no college degree it gets me so sad that others that are not a US citizen, will get everything and anything with no problems and they don’t need to speak English! It’s awful when we have to deal with all these scams as well. So sad and I feel bad for anyone and I send them prayers if in fact they are affected by the scams.

  • @clydesharman2053
    @clydesharman2053 4 วันที่ผ่านมา

    Glad the govt punishes us for shit happing in our lives

  • @MaxCooper-lh3gb
    @MaxCooper-lh3gb 4 วันที่ผ่านมา

    How much does it cost

  • @MaxCooper-lh3gb
    @MaxCooper-lh3gb 4 วันที่ผ่านมา

    I found 10 of them

  • @lennymcgee4983
    @lennymcgee4983 4 วันที่ผ่านมา

    WOW Happening to me Homeless Now because my landlord rise my rent from $600.00 to $1350.00 I'm living in my car with Oxygen and I got to run the car to keep Batteries charge and I can't believe this country is messed up I'm on a walker to I get treated like this unbelievable

  • @jamesholden6897
    @jamesholden6897 5 วันที่ผ่านมา

    Everybody needs to quit blaming President Biden for all the inflation but everybody forgets one thing because they have a selective of memory the only one I remember certain things when it comes to Donald Trump when Donald Trump raised the turf on all the other countries when when he raised it to 15% for everybody because United States was paying 15% because United States is the largest country that's why we pay the largest amount and I was watching a show on TH-cam and TH-cam had a it was a guy who was explaining government economics how it works how it works it doesn't go by what they sell it goes by the size of the country what they pay for the turf tax some countries should have been paid maybe a percent or more butt but I think all the other countries were paying their fair share between the pandemic in the when Trump raise the 15% for all countries and and blackmail them and extorted them and told them if they don't pay then if they ever get in trouble with any other countries don't expect the United States to build them out fatalities that what they have done for each other country to store these countries to to force them to pay the 15% but he didn't even try to negotiate the 15% you know even if you would raise it up to 12% then that's what a true negotiator would have been but he he's a lousy negotiator because it's either his way or no way at all so that's why and on top of that with the pandemic that the country is closing down in other countries closing down as well and the price gouging that's why the everything of the inflation has went up everybody wants to point the finger at the president of the United States who's in charge now but they don't want to really give you the truth about who's responsible for it even if Trump would have won we would still be in the same situation it would have made a difference the only reason why everybody's blaming Joe Biden because Joe Biden is the president he has lowered some things but some things are staying the same so I think the people need to know the real truth about the inflation not a fantasy story because there was multiple factors why the inflation happen you had Trump will raise the the turf tax to 15% then you at the pandemic then you had the countries were shutting down then you had the price gougingall these factors took place why the inflation happen and why you don't want to tell the truth about all of this stuff going on and ignoring the facts and just giving your point of view and who's responsible and trying to point fingers who's responsible but I'm not excusing by any means because when he taken office he could have reversed what Trump did for the turf tax and brought in the inflation down even when they were doing the price gouging and when they had to shut the the countries down but I think if he would reverse it then I think some of the things would have stayed down and some things would have went up but not as much as what it did

  • @Wistundra
    @Wistundra 5 วันที่ผ่านมา

    Any stimulus or extra increase to social security must first pass Congress and be assured that it will be all over the news media !

  • @moneyinstructor
    @moneyinstructor 5 วันที่ผ่านมา

    👉SUBSCRIBE FOR UPDATES: www.youtube.com/@moneyinstructor?sub_confirmation=1 VIDEOS TO WATCH NEXT: Will There Be a 4th Stimulus Check? Here’s What You Need to Know th-cam.com/video/Q7kzAGGZj7M/w-d-xo.html The Truth about Stimulus Checks | Adapting Without Government Aid th-cam.com/video/QhxriSGTKqk/w-d-xo.html

  • @garycarbone
    @garycarbone 5 วันที่ผ่านมา

    How can they give us the needed $600? They have to give billions in foreign aid to countries that don’t give a damn about us

  • @josephtierney6090
    @josephtierney6090 5 วันที่ผ่านมา

    What about th one's who are disabled...how is a disabled person supposed to live on this minimal amount...I wish somebody else coukd explain that to me... I know when im gunna get a payment And I'll be honest ...its never ever enough . It's like go into a hole And remain stemless the rest of your life? I woukd think that after all I did and contributed to. ...I'd be taken care of a bit better than this...guess I was wrong...

  • @kpbythesea
    @kpbythesea 5 วันที่ผ่านมา

    Very helpful with the outlined print and voice instructions! Tx u

  • @ronaldnelson6692
    @ronaldnelson6692 5 วันที่ผ่านมา

    The Social Security website says that it's false.

    • @dboyzee1
      @dboyzee1 4 วันที่ผ่านมา

      I belie.h😅ey'd help these iors 3:53 3:56

  • @cathymichalake6036
    @cathymichalake6036 6 วันที่ผ่านมา

    Why are they even allowing these videos with misleading & false information on the web? It wasn't just 1 or 2 the web was flooded with them! I think it's cruel when so many people are struggling due to the ridiculous amount of inflation currently going on. People that are recipients of Social Security can barely afford to purchase food and skip meals in order to pay there rent & utilities! The numerous amounts of misleading videos that are currently in circulation are giving people false hope and it's extremely cruel in my opinion they should all be flagged & taken down! Truth of the matter is Social Security payments should be raised. I don't know were there getting there numbers from regarding the cost of living but I can tell you there way off! Some States cost more to live in example Alaska were I reside costs are ridiculously higher then other States yet recipients of Social Security get the same amount as less expensive States to live in. People cannot survive on there Social Security payments it's impossible.

  • @deborahjordan1149
    @deborahjordan1149 6 วันที่ผ่านมา

    We are not going to get a check so y’all need to stop telling us that

  • @Brian1961-ep4bq
    @Brian1961-ep4bq 6 วันที่ผ่านมา

    I've seen 10 apps like this nobody is getting anything

  • @user-vn7hy9gu7m
    @user-vn7hy9gu7m 6 วันที่ผ่านมา

    Thank you ❤.

  • @Epictetus888
    @Epictetus888 6 วันที่ผ่านมา

    Can anyone please clarify if this can be done with a U.S. bank check eg. JPMorgan check and have it deposited to a Australian Bank Anz, Commbank or Westpac account? Cheers and Blessings.

  • @francesskinner384
    @francesskinner384 6 วันที่ผ่านมา

    I will believe it when it’s in my bank!

  • @user-ej8zp7cq5z
    @user-ej8zp7cq5z 6 วันที่ผ่านมา

    Not everyone is on SS website

    • @garycarbone
      @garycarbone 5 วันที่ผ่านมา

      Everyone should have access….that’s the only way they’re going to get reliable information…@userej8

    • @user-sp7wn6hb5h
      @user-sp7wn6hb5h 3 วันที่ผ่านมา

      If they're not on the website of social security all you have to do is call them don't trust anything on TH-cam put on the internet social security told me they will automatically contact people if there is a raise don't listen to bunch of dingleberries on the internet

  • @user-ej8zp7cq5z
    @user-ej8zp7cq5z 6 วันที่ผ่านมา

    Yeah I've seem it all over

  • @Wistundra
    @Wistundra 6 วันที่ผ่านมา

    Thanx ! 😉

  • @moneyinstructor
    @moneyinstructor 6 วันที่ผ่านมา

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  • @moneyinstructor
    @moneyinstructor 6 วันที่ผ่านมา

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  • @Keremsg
    @Keremsg 6 วันที่ผ่านมา

    wie hast du eig creator zeichen wenn du 200 follower hast