Social Security's scheduled cost of living increase 'won't make a dent' for some retirees
FILE - A Social Security card is displayed on Oct. 12, 2021, in Tigard, Ore. (AP Photo/Jenny Kane, File)
WASHINGTON (AP) — Sherri Myers, an 82-year-old resident of Pensacola City, Florida, says the Social Security cost-of-living increase she'll receive in January “won't make a dent” in helping her meet her day-to-day expenses.
“Inflation has eaten up my savings," she said. “I don’t have anything to fall back on — the cushion is gone.” So even with the anticipated increase she's looking for work to supplement her retirement income, which consists of a small pension and her Social Security benefits.
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