Quote:
Originally Posted by Bill14564
Social Security COLAs have matched or exceeded inflation (cost of living) over the past ten years or so (can't remember exactly how far back I looked). Yes, you can find examples of items that have increased more but if you're honest you can find examples that have increased less. If one is living solely on SS then hopefully they will choose wisely.
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"According to current information, Social Security COLAs (Cost-of-Living Adjustments) have not fully kept pace with the actual inflation that seniors are facing, with many experts stating that the recent 2.5% increase for 2025 is below the inflation rate experienced by older adults, particularly in areas like healthcare and housing costs; meaning seniors are still struggling to maintain their purchasing power."
As far as I'm concerned, SS Cola's are based on only a few of the expenses and don't even touch basic expenses which have escalated.