What Percentage of Your Income Is from Social Security

May 12, 2024 — We just saw a forecast that said the Social Security COLA adjustment for 2025 might be 2.6%, slightly below what as it was in 2024 – 3.2%. The forecast also said that the 2024 adjustment was worth about $58 per month for the average enrollee, whereas household expenses went up $185. In other words, not enough to keep up!

Take our Poll!

So we are curious, how much does the Topretirements community depend on for Social Security benefits? We suspect there is a range – some people are heavily dependent, while others on good pensions or high 401(k) balances might not need it so much. Please take our anonymous poll below so we can all see how this plays out.

For further reading:
Social Security COLA Comes Back to Earth in 2024

Comments? Would you care to add onto your answer? Please use the Comments section below.