Why so Many Retirees May be Going Back to Work Next Year

It looks like the unretirement trend will likely continue thanks to next year’s low Social Security cost-of-living adjustment (COLA). The Social Security Administration set a modest 2.5 percent benefit increase for 2025 and, according to The Motley Fool, that won’t cut it for most seniors. It surveyed retirees and found out that 54 percent say next year’s COLA won’t be sufficient, and 50 percent say they are thinking about going back to work because they can’t live off Social Security benefits alone.

That should not even be a consideration. Seniors worked hard and deserve a financially secure retirement. The Seniors Trust is committed to improving the lives of America’s retirees through passage of The Social Security Expansion Act. It will give retirees an immediate benefits increase of about $200 a month, a fair annual cost-of-living adjustment (COLA), and increased minimum benefits. This bill will also ensure the long-term solvency of the Social Security program.