Reported about 22 hours ago
Social Security retirees are facing disappointing news regarding the 2025 Cost-of-Living Adjustment (COLA), which increased by only 2.5%, not enough to match the full-year inflation rate of 2.9% from the previous year. This discrepancy means that retirees will experience a decline in the buying power of their benefits. With inflation rates trending upward, the situation poses significant financial challenges, and retirees may need to seek additional income sources to mitigate the impact.
Source: YAHOO