When we think about essential expenses for seniors, what comes to mind?
We know that seniors need to cover their living arrangements, along with the elements that support a healthy, comfortable life.
Here at NORA, we support seniors living their best life. This means we also believe it’s essential for seniors to enjoy recreation and luxuries. After all, it’s retirement — you’ve earned it! But with the 2025 COLA falling short, it begs the question of just how much the modest increase will help with seniors’ needs.
Does Your Social Security Support These Essential Expenses?
What are the main expenses seniors have to cover? There’s mortgage or rent, utilities, gas, and healthy groceries. Don’t forget healthcare, which is something seniors often spend more money on than other groups.
Seniors have earned the right to enjoy their retirement years, and entertainment and recreation expenses play a crucial role in their well-being. After decades of hard work and contributions to society, they deserve to relish life’s pleasures.
Every retiree deserves to have some money left over after their costs are covered. Whether you use it to travel, invest in stocks, or give gifts to your loved ones, there are many uses for leftover funds.
Social Security cost-of-living adjustments are instrumental in helping seniors cover these expenses. By ensuring that Social Security benefits keep pace with the rising cost of living, COLAs offer financial security, freeing up funds to engage in recreational activities, travel, hobbies, and more.
Access to these resources not only enhances seniors’ quality of life but also recognizes and honors their lifelong dedication to the betterment of society. Sign our petition so seniors have money not just to cover essential expenses in retirement, but to enjoy it. You can also enjoy more content like this by following us on Facebook and Twitter.
Want more tips on fun things seniors can do? Check out NORA Best Life!