Tag: cost of living

View of an older woman's back sitting on a city bench wearing a yellow coat

Across the nation, many older adults struggle to make ends meet.  The Elder Index, produced by the Gerontology Institute at UMass Boston, suggests that roughly one-third of older households have incomes below what it takes to meet basic needs and age in place.  One question is whether living in a high-wealth, high-cost state such as…

USA social security card overflowing with cash to illustrate budget crisis

But over the last four years, the COLA has fully protected retirees. The inflation data for August gives us a pretty good idea about the likely magnitude of Social Security’s cost-of-living adjustment (COLA) for 2025.  This automatic indexing of benefits to keep up with rising prices – always a wonderful feature of our Social Security…