Your Money Minute Social Security Update 8/28/25
Aug 28, 2025
Explore the pressing challenges facing Social Security in the U.S. Delve into the complexities of cost-of-living adjustments and solvency concerns. Hear about recent increases in benefits and the intertwining issue of improper payments. The conversation also probes potential solutions needed to adapt to evolving economic conditions. It's a fast-paced look at what affects millions and the future of retirement income.
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Social Security Reaches Many Americans
- About one in five Americans collects Social Security, showing its broad reach across the population.
- The program's future solvency is framed as a solvable policy issue rather than an inevitable catastrophe.
Solvency Is Presented As Fixable
- Officials and experts signal there is time and options to address Social Security solvency.
- The conversation frames insolvency as a policy choice that can be fixed with future action.
Watch For COLA Estimate Updates
- Expect next year's cost-of-living adjustment (COLA) estimate to change as more inflation data arrive.
- Check updates because the Senior Citizens League's 2.7% estimate is not final and could shift with new data.