Retirees will receive a 2.8 percent Social Security cost-of-living adjustment for 2026. But is this too little too late?
According to an article by USA Today, seniors will see a 2.8 percent increase next year. While that’s bigger than this year’s 2.5 percent COLA, it still leaves seniors struggling to keep up with rising costs, especially for things like healthcare, which is one of the biggest expenses facing older Americans.
The truth is that modest COLA is not going to make much of a difference for the millions of retirees relying on Social Security. On average, they will receive about $56 more each month in benefits. That amount will barely cover the cost of a monthly mobile phone bill.
Give Retirees the Money They Earned
Retirees should not have to struggle financially because the Social Security cost-of-living adjustment (COLA) can’t keep up with inflation. The Council of Seniors is working tirelessly to get Congress to pass The SAVE Benefits Act. This crucial bill will put $581 back in seniors’ pockets to make up for COLAs that were far too low for years.
We are dedicated to giving that money back to those who are rightfully entitled to it. Please show your support and sign our petition today.