Final answer:
Retirement costs have been climbing faster than Social Security benefits for many retirees.
Step-by-step explanation:
The article from the Washington Post states that many retirees have found that their retirement costs have been climbing faster than Social Security benefits. This means that the expenses associated with retirement, such as healthcare and living expenses, are increasing at a faster rate than the income provided by Social Security.
For example, healthcare costs for retirees can be significant, especially as they age and require more medical services. Additionally, the cost of living, including housing, food, and transportation, can also increase over time.
It is important for retirees to plan and save for retirement to ensure they have enough funds to cover their expenses, especially if their retirement costs are rising faster than the benefits provided by Social Security.