2026's Social Security COLA Prediction Is Good News and Bad News for Retirees

It's not exactly a secret that many older Americans rely heavily on Social Security to make ends meet. And without those benefits, a good number of retirees would not have the means to cover even basic expenses like shelter and food.Of course, living on Social Security alone in retirement is not an ideal thing to do. Those benefits only replace about 40% of the typical worker's preretirement income, and most seniors need a larger percentage of replacement income to cover their bills comfortably.Image source: Getty Images.Continue reading

Apr 19, 2025 - 09:55
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2026's Social Security COLA Prediction Is Good News and Bad News for Retirees

It's not exactly a secret that many older Americans rely heavily on Social Security to make ends meet. And without those benefits, a good number of retirees would not have the means to cover even basic expenses like shelter and food.

Of course, living on Social Security alone in retirement is not an ideal thing to do. Those benefits only replace about 40% of the typical worker's preretirement income, and most seniors need a larger percentage of replacement income to cover their bills comfortably.

Image source: Getty Images.

Continue reading