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Plus, nearly half of retirees say their expenses in retirement are more than they expected.
Yet inflation is raising these prices, sometimes faster than Social Security benefits or other assets are increasing.
For 2024, the COLA was 3.2%; in 2023, it was 8.7%.
For 2025, The Senior Citizens League projects that the COLA will be 2.66%.
Debt Is Getting More Expensive To Carry
Inflation not only affects the prices at the register.
Today, there are more seniors than ever living with debt in retirement, further undermining their fixed incomes.
This approach provides the growth potential needed to beat inflation and enjoyour golden years.
Dont be afraid to look for help if you need it, too.
Overall, focusing on the basics can help seniors handle inflation better.
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