There is good news and bad news in a new report coming out from The Senior Citizens League, a non-partisan senior group, which raised their forecast for the Social Security from 5.3% to 6.1%.  That’s a huge increase from prior years.  However, it’s based on a basket of goods cost of living (COLA) increase, which means that the increase will likely just make up for a 6.1% hike in goods and services that you buy every day.  In addition, some things like real estate and rental prices, medical costs and long-term care are skyrocketing.

Recommended Posts