Social Security's 2026 Cost-of-Living Adjustment (COLA) Is Shaping Up to Be a Lose-Lose Scenario for Retirees

For most retired Americans, Social Security is more than just a monthly check. It represents a financial foundation that helps them make ends meet.Even though the average monthly retired-worker check only crested $2,000 for the first time in history in May, this relatively modest payout was responsible for pulling an estimated 16.3 million adults aged 65 and over above the federal poverty line in 2023, according to an analysis from the Center on Budget and Policy Priorities.For aging workers who can no longer provide for themselves, nothing is of more significance than knowing how much they'll receive each month from America's leading retirement program -- and no announcement has more relevance than the annual cost-of-living adjustment (COLA), which will be unveiled on Oct. 15.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool