An estimated 21.8 million senior citizens in America make ends meet solely using their social security funds, The Senior Citizens League (TSCL) said in a June 20 statement.
There are more than 68 million Social Security beneficiaries as of 2024, according to data from the Social Security Administration (SSA).
“Almost two-thirds of seniors who completed the survey said they were dissatisfied with the amount they receive from their monthly Social Security checks,” said the TSCL statement.
Ninety-four percent said the 2025 COLA of 2.5 percent was too low, and their benefits did not keep pace with economic inflation. COLA is an annual adjustment to social security payments made to ensure that benefits keep pace with inflation. The SSA announces the COLA in October every year, which is implemented in the following year….