Retirees will receive a 2.8 percent Social Security cost-of-living adjustment (COLA) in 2026. In dollars and cents, it will put an extra $56 per month on average in seniors’ pockets. Most people will agree that’s not nearly enough to help combat inflation.
According to The Motley Fool, nearly one-third of seniors surveyed say they want a COLA of 10 percent or more to keep up with their current cost of living. That’s unlikely to happen unless we see much higher inflation or the COLA calculator is changed.
Council of Seniors Wants to Give Retirees More Money
Because the chance of seeing a substantial COLA is unlikely, 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.