Understanding the Cost of Living Adjustment in Social Security for 2025 Amidst Inflation
Cost of Living Adjustment Explained
The cost of living adjustment (COLA) is crucial for seniors relying on social security to maintain their financial stability. In 2025, the COLA estimate indicates a decline affected by rising inflation. This decrease is alarming as many retirees increasingly face poverty.
Inflation's Role in Senior Poverty
- The U.S. Census Bureau reports a troubling increase in the number of seniors living in poverty.
- The social security administration is adapting to these economic realities to protect retirees.
- Medicare benefits may also be impacted by these financial challenges.
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