15 best Midwest cities for retired couples on Social Security prioritize cost of living, housing, healthcare, and taxes.
15 best Midwest cities for retired couples on just Social Security: The article lists the top cities based on factors such as cost of living, housing, healthcare, and taxes, ensuring retirees' budgets can stretch further. The Financial Landscape for Retirees highlights challenges like 2025's 2.63% COLA, smaller than 2024's 3.2%. The Social Security program helps 28.9M people out of poverty and 2.5M out of SPM poverty in 2022. However, combined funds for retirement, disability, and family funds can only pay full benefits until 2034, with 80% thereafter.
July 21, 2024
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