Social Security's Latest 2026 COLA Estimate May Surprise Retirees
It's fair to say that numerous retirees today would not be able to cover their expenses without Social Security. Those benefits are crucial to helping millions of seniors put a roof over their heads and food on the table, especially given that so many people enter retirement without a notable amount of savings.Seniors who are heavily dependent on Social Security for income tend to worry about the program's annual cost-of-living adjustments (COLAs). Automatic COLAs became the law decades ago to give seniors on Social Security a way to maintain their buying power in the face of inflation.Image source: Getty Images.Continue reading
It's fair to say that numerous retirees today would not be able to cover their expenses without Social Security. Those benefits are crucial to helping millions of seniors put a roof over their heads and food on the table, especially given that so many people enter retirement without a notable amount of savings.
Seniors who are heavily dependent on Social Security for income tend to worry about the program's annual cost-of-living adjustments (COLAs). Automatic COLAs became the law decades ago to give seniors on Social Security a way to maintain their buying power in the face of inflation.
Image source: Getty Images.
