For seniors living off Social Security income, 2026 could be another financial struggle. Retirees will receive a modest 2.8 percent Social Security cost-of-living adjustment (COLA). In actual dollars, that will be an extra $56 per month on average. With the high cost of goods these days, that benefit boost won’t go far.
To help you make the most with your money this new year, you might want to follow some of these tips from Morgan Stanley, a global financial services company:
- Set financial goals
- Create a monthly budget
- Pay off debt
- Improve your credit score
- Establish or grow your emergency fund
Council of Seniors Urges Congress to Give Retirees More Money
It’s clear that the COLA is not enough to help struggling seniors. All of us here at the Council of Seniors are working hard to get Congress to passThe SAVE Benefits Act. This crucial bill will put $581 back in seniors’ pockets to make up for Social Security cost-of-living adjustments that were far too low for years.
Greedy Washington politicians are using retirees’ hard-earned money in other ways, but we’re dedicated to giving it back to those who are rightfully entitled to it.
Please take a moment and sign our petition today to show your support.