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Food inflation is hitting older adults hard.

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  • Social Security's 2025 cost-of-living adjustment is projected to be 2.66%, below inflation.
  • The 2024 COLA was 3.2%, and 71% of older Americans found it insufficient for rising bills.
  • Over 67 million Americans receive Social Security, with food costs hitting older adults hardest.

The impact of inflation is now projected to get even worse for millions of older adults in the US.

Tags
economy, social-security, cost-of-living, older-americans, Inflation, food-prices
Source
Social Security's 2025 bump is projected to be the smallest in 5 years