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Is this why retirees still struggle despite a new Social Security COLA forecast? Two ways to earn 4% on your money before the COLA arrives
A projected 3.9% Social Security COLA adjustment is making headlines — but millions of retirees don't need to wait until October to protect their purchasing power. The projected Social Security COLA increase comes after inflation accelerated sharply during March and April. Prices are now rising at their fastest pace in nearly three years. Meanwhile, many traditional savings accounts still pay less than 0.40% interest. In real terms, that means savers are often losing money slowly without noticing it.
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zerohedge.com
Social Security Recipients Could See Larger Payment Adjustment In 2027 Amid Higher Inflation
A senior citizens group said that Social Security payments could rise by nearly 4 percent next year...
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cbsnews.com
Social Security recipients could receive a large COLA adjustment, forecasters say. Here's how they can earn 4% on their money now.
Social Security recipients may be in line for a 4% COLA adjustment. Here's how they can earn 4% on their savings now.
