Social Security's 2025 Cost-of-Living Adjustment (COLA) Comes With Bad News and Worse News for Retirees
Inflation has fallen from the four-decade high it reached in 2022, but the price increases that scorched the economy following the pandemic are still a source of hardship for many retired workers. Consider these statistics from the Schroders 2024 U.S. Retirement Survey: Fewer than 50% of retired workers believe they have enough money saved.