Senior Citizen Spending Spree to Fall Flat Due to Devastatingly Low COLAs?
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?
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.
It's clear retirees want - and deserve - fair COLAs each and every year.
The Social Security cost of living adjustment (COLA) is expected to increase significantly in 2022 from this year's adjustment. But is it enough?
There have been a few key areas of retirement affected by the COVID-19 global pandemic. Learn what they are.