In the Social Security Administration’s press release covering the 2025 COLA announcement, Commissioner Martin O’Malley made this comment:
“Social Security benefits and SSI payments will increase in 2025, helping tens of millions of people keep up with expenses even as inflation has started to cool.”
An increase AND cooling inflation. It’s a win-win, right? No, it’s not!
First, the 2.5 percent cost-of-living adjustment is much lower than seniors deserve. And second, cooling inflation doesn’t mean lower prices. It merely means prices are raising at a slower pace. They haven’t gone back down, though the COLA has gone down for the fourth consecutive year. Don’t buy that this COLA is justified based on any formal economic analysis. The best way to analyze the impact is to consider the financial struggles seniors are facing.
Help The Seniors Center Protect the Future of Social Security
The Seniors Center is committed to finding solutions to strengthen and protect the Social Security Trust Fund. Social Security is a contract between citizens and the government. Money deposited in the Trust Fund should only be used to pay benefits to eligible recipients.
The Seniors Center is demanding Congress finally put a stop to the careless borrowing and spending by greedy politicians that has put our Trust Fund and our secure retirement in jeopardy.
At The Seniors Center, our goal is to help seniors, and we’re doing that by protecting the future of Social Security. Retirees shouldn’t have to worry about losing their hard-earned benefits to taxes or the agendas of greedy politicians. If you agree, we invite you to sign our petition today! And follow The Seniors Center on Twitter and Facebook for more updates!
