Senior Citizens League Increases 2026 Social Security COLA Projection to 2.7%

Social Security retirees see their benefits increase most years, and with good reason. Cost-of-living adjustments, or COLAs, are built into the benefits program because prices go up over time. Retirees also need to see Social Security benefits rise along with prices. Otherwise, their buying power would erode rapidly, and they'd be left living on very little later in their lives, relying on other retirement income strategies to make ends meet.There will be an official announcement regarding the 2026 cost-of-living adjustment later this year. In the meantime, though, the Senior Citizens League is making projections regarding what the COLA will be. The Senior Citizens League (TSCL) is a senior advocacy group that tracks COLA indicators on a monthly basis, and TSCL's analysis suggests that the 2026 COLA is going to be higher than originally projected.Here is exactly how much the Senior Citizens League expects the COLA will be, along with some details on how their projections have changed over time.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool