For the overwhelming majority of retirees, Social Security represents more than just a monthly check. It's a vital source of income that lays a financial foundation for aging Americans who can no longer provide for themselves.

The Social Security Administration (SSA) recently announced a 2.5% cost-of-living adjustment (COLA) for 2025. This increase, which amounts to about $50 per check on average, has left many Americans feeling frustrated and disappointed.

Retirement brings new financial challenges, particularly when Social Security makes up all or most of your income. ​​To ensure a good quality of life later on, it's vital to cut spending now.