The Motley Fool

These changes could surprise both retirees and workers.

Get Ready for 3 Big Social Security Changes Coming in January 2025

With the current election cycle and the continued focus on issues like inflation and the national debt, many people are wondering what will happen with Social Security. While it’s hard to predict what will happen in the long term — and much could change depending on factors such as who wins the election and what happens with the economy — looking at short-term changes to Social Security is generally more straightforward. That’s because Social Security benefit increases follow a formula known as a cost-of-living adjustment (COLA).

What a Middle-Class Social Security Check Could Look Like in 2025

Money Week

Tens of thousands of pensioners will be written to over the summer because their pensions have gone above the frozen income tax thresholds

Pensions: 140,000 pensioners to be hit by surprise tax demand

Social Security benefits are on pace to get a below-average cost-of-living adjustment (COLA) in 2025

Social Security Benefits Get a Cost-of-Living Adjustment (COLA) in 2025. But There Is a Big Problem for Retirees.

We don't know exactly what next year's raise will look like, but there's reason to be hopeful.

Social Security's 2025 COLA: There's Good News Ahead for Retirees

Warren, MI

Stellantis will indefinitely lay off up to 2,450 U.S. plant workers in Warren, Michigan, later this year as it discontinues production of an older version of its Ram 1500 pickup. The company has not announced a vehicle to replace the truck. The layoffs are expected to start as soon as...

Stellantis laying off 2,450 plant workers due to discontinuation of Ram 'Classic' pickup truck

A lot can change in a short time that could impact the 2025 Social Security COLA.

Prediction: Retirees' 2025 Social Security COLA Will Be Higher Than Current Projections

Kathy Jones, Charles Schwab chief fixed income strategist, joins 'Money Movers' to discuss her expectations for fixed income from here, what to expect from the Fed in September, and why there should be a 50 basis point rate cut.

Fed should cut by 50 basis points in September, says Charles Schwab's Kathy Jones

GOBankingRates

The U.S. Bureau of Labor Statistics' most recent data found that the average expenses for people who are 65 and older were $52,141 a year ($4,345 a month). An estimated $6,490 -- $541 a month -- was...

I’m on a $6,500 Monthly Retirement Budget: 5 Grocery Items I Can No Longer Afford

The Independent

Whenever a letter arrives emblazoned with the logo of my pension provider, I feel wracked with anxiety, promise myself I’ll read it later… then shove it in the nearest drawer and forget all about it. I can’t be the only person who’s guilty of doing so. Unless you’re very au fait with your personal finances, this piece of life admin tends to be one part boredom, two parts confusion.But writing off our retirement plans as tomorrow’s problem might mean we’re making an already tricky situation worse for ourselves.Earlier this week, a report from the think tank Phoenix Insights found that...

Millennials and Gen Z beware: People in their fifties have serious pension problems. You could be doomed

It's definitely a good news/bad news situation.

Here's the Very Latest 2025 Social Security COLA Estimate

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Sen. Elizabeth Warren sent a letter to Tesla Chairperson Robyn Denholm on Thursday concerning CEO Elon Musk and possible breaches of his fiduciary duty to the company. Warren wants to know whether the board has ever bothered to investigate Musk's use of Tesla resources to benefit his other companies, including SpaceX and xAI.

Tesla's board faces questions from Elizabeth Warren about Musk's corporate 'entanglements'

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

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NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

Kentucky State

Northern Kentucky Tribune

The Kentucky Secretary of State on Friday announced 14,502 Kentuckians registered to vote in July. “Kentuckians are signing up to vote in big numbers, because they trust the integrity of our elections,” said Secretary of State Michael Adams.

Kentucky voter registrations increased by more than 14,500 in July, the most since 2022

Social Security recipients can expect a cost-of-living adjustment (COLA) of around 2.6% to 2.7% in 2025, according to recent forecasts. This would mark the first time in 32 years that Social Security benefits have seen four consecutive COLAs of at least 2.7%. The Senior Citizens League (TSCL) predicts a 2.63% COLA for 2025, while independent analyst Mary Johnson has slightly lowered her forecast.

Modest Social Security COLA Expected for 2025

Florida State

Jacksonville Today

Republican Donald Trump has a 7-point lead over Democrat Kamala Harris among Florida voters, 49% to 42%, according to a new poll from the University of North Florida. Four percent are backing another candidate, and 6% are undecided or didn’t answer.

New Florida poll: Trump leads; support strong for abortion and recreational weed

If you have the goal of owning a home in the next five to six years, then you probably have a game plan in your mind when it comes to saving up, where you want to live and exactly what kind of home...

8 Expenses To Cut Now If You Want To Buy a Home by 2030

The odds of reaching a million-dollar retirement will be slim to none if you miss out on this strategy.

1 Retirement Savings Hack That Has Created Many Millionaires, and Will Continue to Make More

Charles Van der Steene, president of Maersk North America, joins CNBC's Lori Ann LaRocco to discuss growth in Asian ocean freight orders, the U.S. consumer and economy, and the threat of a longshoreman strike at East Coast and Gulf ports in the Fall.

Maersk North America president on the strength of U.S. consumer and shipping outlook

NewsBreak

Here's why you may get a smaller pay raise next year

The typical worker will get a 4.1% annual raise for 2025, down from 4.5%, according to a WTW survey. That growth is still high relative to...

Here's why you may get a smaller pay raise next year

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