Retirees Struggle with COLA: Tips to Stretch Dollars
Update: 2025-12-08
Description
New survey reveals that over half of retired Social Security recipients are cutting back on non-essential spending, with nearly one-third also reducing essential items like medical care and groceries. Despite the Social Security Administrations projected 2.7% COLA for 2026, many experts believe this increase may not be enough for older Americans. The gap between benefit increases and cost of living for seniors has left many retirees struggling to afford basic necessities. Financial planners suggest reviewing monthly expenses and exploring ways to decrease unavoidable costs, such as reduced insurance premiums or part-time jobs.
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