Social Security beneficiaries could see a modest increase in their monthly payments in 2026. According to a June estimate by The Senior Citizens League and analyst Mary Johnson, the projected cost-of-living adjustment (COLA) for 2026 is now 2.5%, a slight bump from last month’s 2.4% projection. While this figure is far from final, it offers … Read more
Each year, the Social Security Administration (SSA) adjusts the benefits it provides to keep pace with inflation. This increase, known as the Cost-of-Living Adjustment (COLA), ensures that recipients maintain their purchasing power even as everyday expenses rise. While the official 2026 COLA won’t be announced until October 2025, early projections from The Senior Citizens League … Read more
Understanding how much money ends up in your bank account goes beyond just budgeting—it’s closely tied to cost-of-living adjustments (COLAs), particularly for those receiving Social Security or Supplemental Security Income (SSI). These government-provided benefits are recalibrated annually to account for inflation, ensuring recipients maintain purchasing power in an ever-changing economy. Let’s explore how COLA works, … Read more