Social Security’s cost-of-living adjustments are falling short—benefits have lost 13.7% of buying power in a decade—because the current formula tracks working-age spending, not retirees’ rising healthcare and housing costs. A better solution exists: the CPI-E index, which would deliver larger COLAs, but it’s experimental and politically risky, especially as the system faces looming funding shortfalls. Retirees may need to supplement income with part-time work, and everyone should prioritize personal savings to keep up with inflation in retirement.
Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn.
Advertise on DNN: advertise@thednn.ai
This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai.
Podden och tillhörande omslagsbild på den här sidan tillhör
The Daily News Now!. Innehållet i podden är skapat av The Daily News Now! och inte av,
eller tillsammans med, Poddtoppen.
