Retirees Think the Social Security Cost-of-Living Adjustment Calculation Doesn't Reflect Senior Spending. Are They Right?
Social Security's 3.2% cost-of-living adjustment (COLA) for 2024 was underwhelming for many seniors, and 2025's COLA is poised to be even more disappointing. Nearly two-thirds of retirees dependent on Social Security consider COLAs insufficient and say they have helped very little with key expenses, according to The Motley Fool's recent survey.
More than 4 in 5 said the COLAs don't reflect retirees' financial situations. It comes back to the unusual way the Social Security Administration calculates COLAs. But things might not stay like this forever.
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Source Fool.com
