In 2025, Social Security recipients received a modest 2.5% cost-of-living adjustment (COLA), the smallest in recent years, which fails to keep up with rising inflation. Many retirees may struggle financially as a consequence. However, several strategies can help boost retirement income, including working part-time or renting out portions of their homes. For those concerned about the impact on Social Security benefits, it's important to know that recipients can earn income, especially after reaching full retirement age, ensuring they can supplement their benefits without penalties.
At a time when Social Security benefits are not keeping pace with inflation, retirees can explore options like part-time work or renting out space to enhance their income.
With the 2.5% Social Security COLA being the smallest in years, retirees are encouraged to seek additional income sources rather than struggle financially.
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