3 Skyrocketing Costs That Social Security May No Longer Cover

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First, the good news.

The Social Security Administration instituted a cost-of-living adjustment (COLA) increase of 3.2% for 2024.

Now for the not-so-great news.

Here are three areas where thepain has been felt the mostin recent times.

But the real impact on food prices has taken place since March of 2020.

Seniors living on Social Security might need to embrace public transportation.

And while Medicare can help, it doesnt cover everything.

The good news here, said Carroll, is that doctors fees remained roughly the same.

Unfortunately, there were many other areas of healthcare that rose dramatically over the past year.

Here are just a few:

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