America’s seniors face a financial squeeze in 2025, with Social Security increases lagging behind rising costs of basics like food and housing.
This comes as Democrats spend billions on illegal immigrants, raising questions about budget priorities.
The Senior Citizens League (TSCL) projects a 2.63% cost-of-living adjustment (COLA) for Social Security in 2025. This translates to roughly $45 more per month for retirees.
“It’s not enough,” says Shannon Benton, TSCL’s executive director. “Seniors need more to cover rising prices on everyday items.”
TRENDING: Social Security Administration Unveils Change in Service Effecting Millions of Beneficiaries
Let’s look at the numbers:
– 2024 COLA: 3.2% (about $59 more per month)
– 93% of seniors say this increase didn’t cover their rising costs
– Many report monthly expenses rising by $185 in 2023
This gap is causing real problems.
Benton notes growing “food insecurity” among seniors. Many struggle to pay for basics like heating and cooling.
Social Security’s 2025 COLA is forecast to be lower than in 2024 https://t.co/T8Us1DwrnB
— MarketWatch (@MarketWatch) July 12, 2024
Grocery prices have jumped 24% since 2020. This hits seniors hard, as they often live on fixed incomes.
The result? Nearly half of seniors report high credit card debt, while over half have used up their emergency savings.
“Congress must change how COLAs are calculated,” Benton argues. “We need a system that actually reflects seniors’ living costs.”
This senior crisis is unfolding as the U.S. spends billions on illegals.
Critics argue this money could be better far better spent to support American retirees and veterans.
READ NEXT: John Deere to Eliminate Most DEI Programs, Refocus on Serving Customer Needs
The debate touches on core questions: How should we prioritize spending? Are we doing enough for those who’ve contributed to our society for decades?
