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Social Security Cost-of-Living Adjustment (COLA) Update: Brace Yourself for the Smallest COLA Since 2021
The passage of the Social Security Fairness Act earlier this year brought a surprise benefit increase for 3.2 million Americans. If you weren't among them, your next opportunity for a benefit boost will come with the 2026 cost-of-living adjustment (COLA).We still have a while until the official announcement in mid-October, but that hasn't stopped people from speculating where it could end up. The latest projections suggest a COLA that's lower than what seniors have gotten used to over the last few years. But there's also a possibility the official COLA could be higher than recent estimates.Image source: Getty Images.Continue reading
The passage of the Social Security Fairness Act earlier this year brought a surprise benefit increase for 3.2 million Americans. If you weren't among them, your next opportunity for a benefit boost will come with the 2026 cost-of-living adjustment (COLA).
We still have a while until the official announcement in mid-October, but that hasn't stopped people from speculating where it could end up. The latest projections suggest a COLA that's lower than what seniors have gotten used to over the last few years. But there's also a possibility the official COLA could be higher than recent estimates.
Image source: Getty Images.
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