Budget Woes Loom for Seniors: Next Year's COLA May Fall Short A new warning is emerging for millions of seniors relying on Social Security benefits, as projections suggest a potentially meager cost-of-living adjustment (COLA) for 2025. The Senior Citizens League, a nonpartisan advocacy group, is sounding the alarm, citing concerns that the upcoming COLA may not keep pace with rising costs of living. If their projections hold true, seniors could face significant financial strain, exacerbating existing budget woes. As inflation continues to impact household budgets nationwide, the prospect of a paltry COLA has sparked renewed debate about the future of Social Security benefits and the need for sustained support for America's elderly population.
If their current projections are right, next year’s cost-of-living adjustment (COLA) for senior citizens receiving Social Security benefits could be cause for “worry,” according to The Senior Citizens League.
