Social Security Retirement Estimator. The Social Security Administration's Retirement Estimator automatically gives you an estimate of your Social Security benefit if you start pa

Current estimates suggest a 2.57% COLA increase for 2025, which would add approximately $50 per month to benefits, according to the Detroit Free Press. However, the Seniors League's 2024 Loss of Buying Power study indicates that this increase would fall short of covering rising costs for older adults.

The COLA varies significantly from year to year. For 2024, the Social Security COLA is 3.2%. What is the estimated COLA for 2025? With two months of data still pending, current es

Though it is likely to be lower than the adjustments over the past few years, retirees will see a bump in their monthly Social Security payments.

But what does that mean for their Social Security benefits? One study commissioned by Credit Karma found that 53% of Gen Z consider themselves part of the FIRE movement, which requires extreme savings — typically 50% or more of their income — by living lean and cutting back on expenses.

All it takes is a walk around a convenience or retail store to realize that nowadays, a dollar doesn't go nearly as far as it used to some years ago. Official Social Security COLA numbers won't be released until October,