Is the Social Security COLA Increase "Rigged?"

Every October, tens of millions wait for the announcement of the Social Security increase. It’s called the annual Cost of Living Adjustment (COLA)—and while it may seem straightforward, many question whether the calculation truly reflects reality. Some see soaring bills while the official adjustment feels modest. Others point to complicated formulas, hidden weightings, and strange “quality” adjustments that seem to shrink everyday costs on paper. Is this process fair—or does it tilt the scales? In this video, we pull back the curtain and explore whether the COLA adjustment is as neutral as they say…or something else entirely.
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OTHER IMPORTANT LINKS:

Federal Reserve Board Survey of Consumer Finances:
https://www.federalreserve.gov/econre...

Social Security Administration Application for Benefits
https://secure.ssa.gov/iClaim/rib

Current Social Security Cost of Living Adjustment
https://www.ssa.gov/cola/

Social Security Payment Estimator
https://www.ssa.gov/benefits/retireme...

Channel Disclaimer: this video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, tax, or professional advice. If you have any specific questions about any legal, accounting, tax or other professional service matter you should consult the appropriate professional services provider. Holy Schmidt! is not affiliated with the Social Security Administration or any government agency.