Retirees Want Bigger Social Security Cost-of-Living Adjustments (COLAs). Here's the Problem With That.
Social Security's 2.5% cost-of-living adjustment (COLA) for 2025 was nothing to write home about. If you're receiving checks, there's a good chance you saw your expenses increase by more than that amount over the last year.For years, seniors have been arguing that Social Security COLAs should be higher so their checks stop losing buying power to inflation. There's even a solid proposal for how to increase COLAs in a way that better reflects senior spending, but the situation is complicated by the program's funding problem.Image source: Getty Images.Continue reading
Social Security's 2.5% cost-of-living adjustment (COLA) for 2025 was nothing to write home about. If you're receiving checks, there's a good chance you saw your expenses increase by more than that amount over the last year.
For years, seniors have been arguing that Social Security COLAs should be higher so their checks stop losing buying power to inflation. There's even a solid proposal for how to increase COLAs in a way that better reflects senior spending, but the situation is complicated by the program's funding problem.
Image source: Getty Images.
