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Yes, COLA can have a downside desite being a positive number - finance.yahoo.com
Getting a Social Security adjustment each January is generally a positive sign for seniors, but some parts of the equation are less than ideal. Think taxes, which, despite the additional senior deduction for tax years 2025-2028, could impact higher-income filers. Think insolvency, since the larger the COLAs, the more rapidly the program’s reserves diminish. Finally, think inflation, and remember that the COLA reflects price increases that have already been felt, so you’re just catching up, not getting ahead. An article posted on finance.yahoo.com by The Motley Fool’s Kailey Hagen provides thoughts on the COLA situation…access it in full here.
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