While the 2025 COLA is on its way, so is the winter season.
The 2.5 percent adjustment has not gotten a completely warm reception. As small as it is, will it help keep seniors warm, by having an impact on their heating bills?
Heating costs often fluctuate due to various factors, such as fuel prices and weather conditions, potentially offsetting the Cost-of-Living Adjustment’s impact. While every bit helps, a substantial increase may be needed to ease the strain of heating expenses, especially for those on fixed incomes.
Seniors may need more financial support to effectively manage rising heating bills in the long term. What are your thoughts on this issue? Are you looking forward to winter? How about to the COLA? Let us know, then follow us on Facebook and Twitter.