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Purchasing Power

Social Security’s 2025 COLA could do something it hasn’t done since 2021 – and that’s not good news

Social Security recipients receive an annual cost-of-living adjustment (COLA) to protect the purchasing power of benefits from inflation. Retirees always look forward to these increases, but anticipation for the 2025 COLA is unusually high due to the difficult economic climate….

What is a Social Security COLA and how could it affect your retirement savings in 2025?

“Inflation is when you pay $15 for a $10 haircut that used to cost $5 when you had hair.” –– Former baseball player Sam Ewing This quote is amusing – and it is also instructive, because it is quite outdated…