Latest Social Security COLA Forecast a Setback for Retirees
Snippet of Article: "...TSCL's 2024 Senior Survey (with over 1,100 responses) affirmed the struggle to make ends meet. The survey found that 71% of individuals said their household costs rose more than 3.2% in 2023 (the year used to determine the COLA). And 53% said they had spent their emergency savings, while 43% reported household expenses increased by over $185 per month in 2023. ...“If the COLA increases by 2.6%, that will be an approximately $45 increase. What can you buy for that? Not much"
Source: www.kiplinger.com