Study: 54% of Retirees View 2025 Social Security COLA as Insufficient

The 2025 Social Security cost-of-living adjustment, or COLA, went into effect recently and was reflected on the payments received in January. Each year, Social Security benefits are adjusted to keep up with inflation (if there is any), with the goal of helping seniors who receive Social Security checks to keep up with the rising costs of living.In a recent survey, The Motley Fool asked 2,000 retirees about the 2025 Social Security COLA, which increased benefit checks of seniors by 2.5%. To put it mildly, most respondents didn't think they received enough of a raise.A majority (54%) of retirees called the COLA insufficient, and only 25% thought that benefits increased by an appropriate amount. What's more, 81% of survey respondents said that the COLA won't help them keep up with essential living expenses. When we look at the types of inflation that impact seniors the most, it isn't hard to see why.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool