The Social Security Administration has announced a 2.8 percent cost-of-living adjustment (COLA) for 2026. That equates to an additional $56 per month on average for retirees. That’s not enough to offset price increases seniors are experiencing, especially when it comes to healthcare and other basic necessities.
An article by CNBC says just 10 percent of seniors are happy with recent COLAs. Senior advocates are calling for a new COLA calculator – one that uses the Consumer Price Index for the Elderly, or CPI-E, which better reflects seniors’ spending, than the Consumer Price Index for Urban Wage Earners and Clerical Workers, or CPI-W, currently used.
Changing the way the COLA is calculated could help seniors in the future, but retirees need more money right now.
Council of Seniors Wants to Put More Money in Your Pocket
We here at the Council of Seniors are working hard to make that happen. We want Congress to passThe SAVE Benefits Act. This crucial bill will give struggling seniors $581 to make up for the Social Security cost-of-living adjustments (COLAs) that were far too low for years.
Greedy Washington politicians want to use seniors’ 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 protect the financial security of millions of retirees.