Decades of Inflation, Low COLAs have been DISASTROUS for Seniors
Over the past few decades, there have been some big discrepancies to Social Security COLAs that are quite surprising.
Over the past few decades, there have been some big discrepancies to Social Security COLAs that are quite surprising.
Reports indicate that seniors should expect future Social Security cuts if Congress doesn't act. Here are more details and what you should do to prepare.
DENIED: Experts say seniors unable to collect maximum benefits if they refuse to 'delay' retirement until age 70.
Now that the economy is rebounding after the pandemic, seniors are expected to spend more money in two key areas. But what about the years of low COLAs?
The 2022 COLA increase is predicted to be 4.5%. As it turns, out the increase might not be enough for seniors.
Because of inflation, the new estimate for the 2022 Social Security COLA increase is even higher than what was initially predicted.
With expenses on the rise due to inflation, many seniors are feeling stressed about the impact on their monthly budgets.
If you're still waiting on your third stimulus check, experts say you'll want to be sure to file your tax return as soon as possible.
The current Social Security COLAs aren't keeping up with the rising costs and expenses that seniors face every month.
The past yeaffected retirement plans for many seniors, and it also altered plans for people who are still in the workforce.