Quote:
Originally Posted by Aces4
"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.
|
There are experts and there is data. As I mentioned above, some things exceeded inflation and others not.
It’s probably the case that the current housing market is not good for someone looking to buy in their SS income alone. Okay, that person will have a problem. On the other hand, those already in their home are not affected by increasing home prices.
__________________
Why do people insist on making claims without looking them up first, do they really think no one will check? Proof by emphatic assertion rarely works.
Confirmation bias is real; I can find any number of articles that say so.
Victor, NY - Randallstown, MD - Yakima, WA - Stevensville, MD - Village of Hillsborough
|