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Most seniors say this year’s Social Security increase isn’t enough — in fact, almost all of them say so.
As 2025 begins, Social Security checks are getting a 2.5% boost, called the cost-of-living adjustment (COLA), to cope with inflation. But according to a new survey by the law firm Atticus, a whopping 96% of retirees receiving Social Security say the new COLA is inadequate.
Nathan Place is a national reporter at American Banker. A native of New York City, he has worked for more than a decade in both print and video journalism. He got his start in Beijing, where he … Read full bio
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As costs for care balloon, benefit leaders and employees should be proactive about their retirement saving strategies.
Popular retirement withdrawal strategies like the 4% rule assume a steady rate of spending for retirees. But new research from J.P. Morgan shows that premise is often disconnected from reality.
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Rising Part B costs will absorb much of Social Security's 2026 cost-of-living adjustment — leaving less room in retirees' budgets.
The Social Security Administration announced its cost-of-living adjustment for beneficiaries — a figure advocates say fails to address the reality for most seniors.
