
The 2025 Cost-of-Living Adjustment got mixed feedback. But could this sentiment change as the year progresses?
The problem of inflation is serious, but some say it could ease up soon. If this happens, the 2025 COLA may feel bigger than it was originally perceived to be.
While some found the 2.5 percent increase to be underwhelming, lower inflation could change how this boost fits into the average senior’s budget.
The Connection Between Cost-of-Living-Adjustments and Inflation
We know that the economy is so complex that many different metrics and outlooks exist to explain it. As of now, economic experts are taking a cautious but optimistic approach in predicting this year’s economic activity.
Higher prices hit everyone for more money, and they hit harder the poorer a person is. Even well-to-do seniors who have planned responsibly for their retirement could be feeling the strain.
Lower inflation would set the stage for a healthier economy. Though it isn’t the only issue, it’s very important. If signs point to economic improvements, it’s a good thing. However, it’s also important to point out that an ease in inflation rates doesn’t necessarily mean prices will drop to their previous levels of recent years.
If inflation eases up, it means there’s more room to think about the future. While seniors should be a priority, there’s no guarantee they will be. This is true even though they’ve paid faithfully into Social Security and deserve to be rewarded fairly.
Help Us Make Higher COLAs a Guarantee for All Seniors
Seniors deserve a secure retirement. Whether inflation is up, down, or in between, Social Security should be prioritized. We work hard for seniors on the legislative floor. Do you support our cause?
To help us make fair yearly COLAs a reality, sign our petition today – then follow us on Facebook and Twitter.