Social Security issues 2/5% COLA increase in 2025

Millions of Social Security recipients will see just a 2.5% cost-of-living increase in January, the lowest annual rise since 2021. On average, this amounts to about $50 more per month. The Social Security Administration made the announcement Thursday. Jason Matthews, founder of Matthews Financial and Insurance Solutions, joined us on 'The Nine' to discuss what recipients can do to manage their finances.