Working Retirees: Social Security Benefits Struggle to Keep Pace

New report reveals that many Americans are working while receiving Social Security benefits, highlighting a growing concern: benefits may not keep pace with rising cost of living. Lawmakers and advocates point out a twenty percent loss in buying power due to inadequate cost-of-living adjustments. Early claimers often have less education, non-managerial roles, and poorer health, working to supplement reduced earnings. Future benefit adjustments may not fully address ongoing financial pressures, potentially leading to more retirees returning to work.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.