Social Security's 2026 COLA Has an Unpleasant Surprise in Store for Retirees
Seniors who get a large chunk of their retirement income from Social Security often find themselves asking a key question at several points during the year: "What will my next raise look like?"For many older Americans, Social Security's cost-of-living adjustments, or COLAs, are extremely important, often spelling the difference between being able to keep up with living costs or falling behind. And so even though the Social Security Administration doesn't announce COLAs until October, many seniors find themselves searching the internet for clues about their upcoming raise ahead of time.Image source: Getty Images.Continue reading
Seniors who get a large chunk of their retirement income from Social Security often find themselves asking a key question at several points during the year: "What will my next raise look like?"
For many older Americans, Social Security's cost-of-living adjustments, or COLAs, are extremely important, often spelling the difference between being able to keep up with living costs or falling behind. And so even though the Social Security Administration doesn't announce COLAs until October, many seniors find themselves searching the internet for clues about their upcoming raise ahead of time.
Image source: Getty Images.
