Social Security’s 2025 cost-of-living increase won’t be enough due to inflation, retirees say

Social Security’s 2025 cost-of-living increase won’t be enough due to inflation, retirees say

“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. About 70.6 million Social Security recipients are expected to receive … Read more

Lobbyists in Colorado legislature paid nearly $70 million in last year

Lobbyists in Colorado legislature paid nearly  million in last year

Money spent on lobbying in Colorado again hit a record high this year — but the tally only begins to hint at the ways the deluge steers policy through the statehouse. In all, the $69.6 million paid to Colorado lobbyists in the most recent fiscal year, which ended June 30 and included this year’s legislative … Read more

About 1 in 4 older US adults expect they will never retire

About 1 in 4 older US adults expect they will never retire

washington —  About one-quarter of U.S. adults age 50 and older who are not yet retired say they expect to never retire, and 70% are concerned about prices rising faster than their income, an AARP survey finds. About 1 in 4 have no retirement savings, according to research released Wednesday by the organization that shows … Read more