Wom - SS recipients here have not had a cost of living raise in 2 years. The powers that be decided that inflation wasn't all that bad , and we didn't need any raise. Oh yeah - let's see the powers that be, try to live on what I do each month!
I wish I had the benefit of a 401K retirement plan all the years I worked, but I didn't. It wasn't until about 10 years before I retired, that the company I had been with already for over 10 years, implemented one. I paid in the max allowable that was met by company funds, but 10 years didn't amount to much. Had I had such a plan all my working years, I would have had a nice nest egg. Again - too little/too late.