Social Security Expert Says Americans Should ‘Consider Delaying’ Retirement

Blank Social Security checks are run through a printer at the U.S. Treasury printing facility in Philadelphia, Pa., on Feb. 11, 2005. William Thomas Cain/Getty Images

Because of relatively high inflation, older Americans should hold off on retiring if they can, a policy expert warned this week.

After an 8.7 percent Social Security cost of living adjustment (COLA) was implemented starting this year, some have said that it may not be enough to combat the effects of inflation.