To help offset inflation and higher prices, Social Security provides an annual cost-of-living adjustment (COLA). This year, recipients received a 2.8 percent COLA. That sounds great compared to 2025’s 2.5 percent COLA.
But a survey by The Motley Fool found more than half of all retirees say the 2.8 percent COLA increase was not enough — with 68 percent saying it’s not even enough to cover “essential living expenses.”
Making matters worse, this has been going on for years. An article by The Motley Fool explains that Social Security recipients have been losing buying power for years. It cites research showing that between 2010 and 2024, seniors on Social Security lost 20 percent of their buying power.
Council of Seniors Wants Retirees to Get More Money
All of us here at the Council of Seniors are working hard to get Congress to passThe SAVE Benefits Act. This crucial bill will put $581 back in seniors’ pockets to make up for Social Security cost-of-living adjustments (COLA) that were far too low for years.
Greedy Washington politicians are using retirees’ hard-earned money in other ways, but we’re dedicated to giving it back to those who are rightfully entitled to it.
Please take a moment and sign our petition today to show your support.