Episode Details
Back to EpisodesSocial Security Raise: A Modest Boost for Seniors
Description
The Senior Citizens League predicts a modest 2.8% COLA for Social Security in 2027, raising the average monthly check to $2,081.46. However, advocates argue this increase is insufficient to alleviate the strain from escalating housing, healthcare, and food prices, which disproportionately affect retirees. Nora Duncan, AARPs Connecticut director, emphasizes that while everyone feels the pinch, older Americans without additional income sources are most affected, and this raise will not significantly ease their daily expenses.
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