#cost-of-living-adjustments

#cost-of-living-adjustments

Many baby boomers were led to believe that their Social Security benefits would replace their entire paychecks. In reality, those benefits only provide a limited amount of income, and they do a poor job of keeping up with inflation. Boomers who earned an average paycheck during their working years can expect Social Security to replace about 40% of it. That's not enough income to live on in retirement - or at least not to live comfortably.