Government Announces 2.5% Increase to Social Security Benefits in 2025. Is It Enough?

It is very difficult to calculate how inflation affects consumers because Americans are purchasing different products in different parts of the country. Today, Paul talks about a 2.5% raise in the COLA for 2025 and the trouble consumers are having keeping up with rising insurance and grocery store prices. Listen along as Paul shares some insight on how retirees feel the pressure of inflation and how some investing strategies can make it even worse. Later in the episode, Paul talks about emergency funds and what happens when you start to play games with your emergency fund by trying to get market returns through bonds or fixed-income investments.

 

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