Understanding Social Security and COLA Adjustments

What is the projected COLA for 2025, and how does it compare to the previous year?

• 2.57%, which is an increase from 3.2%

• 2.57%, which is a decrease from 3.2%

• 3.2%, which is an increase from 2.57%

• 3.2%, which is a decrease from 2.57%

In which decade did about 60% of COLAs manage to outpace inflation?

• 1980s

• 2000s and 1990s

• 2020s

• 2010s

What is the potential long-term financial impact of COLA shortfalls on retirees?

• It can result in a significant financial gap over time.

• It can lead to a surplus in retirement savings.

• It has no impact on financial security.

• It ensures retirees' expenses are fully covered.

What percentage of retirees had to use their emergency savings in the past year due to inadequate COLA adjustments?

• About 75%

• About 50%

• About 25%

• About 10%

What is the suggested action to improve the financial security of retirees?

• Increase taxes on retirees.

• Reduce Social Security benefits.

• Advocate for more accurate COLA adjustments.

• Ignore the issue and hope for the best.