Senior Citizens League Projects 2.7% 2026 Social Security COLA. But Will It Cover Rising Prices?

According to the latest estimates by the Senior Citizens League, the 2026 Social Security cost-of-living adjustment, or COLA, is now expected to provide a 2.7% increase for beneficiaries. This is an increase over the 2.6% projection the same organization made in June, which was already an increase over May. If the latest projection is correct, this would give the average retired worker a monthly raise of about $54.However, this increased COLA estimate might not be as great as it sounds. There are a couple of big reasons why it might not do a good job of helping seniors keep up with rising prices, so let's take a closer look at why the projections increased, as well as two important points Social Security recipients should keep in mind.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool