Social Security Cost-Of-Living Adjustment To Be Announced Thursday

The video discusses the financial challenges faced by seniors relying on Social Security, highlighting increased debt and reliance on food assistance. It explains potential adjustments to Social Security payments based on the Consumer Price Index, which could result in the largest increase since 1981. The future of Social Security is uncertain due to changing demographics and fewer workers contributing to the payroll tax. The video emphasizes the political debate surrounding Social Security's sustainability, especially as baby boomers form a significant part of the electorate.

What percentage of Americans aged 55 and older have spent half of their emergency savings according to the survey from the Senior Citizens League?

What adjustment percentage did Social Security payments see last year, and what is the expected adjustment this time?

Why is the future of Social Security uncertain according to the report mentioned in the text?

What demographic changes in the US are contributing to the potential insolvency of Social Security?

How do the changing demographics and longer life expectancy of Americans affect Social Security funding?