Your 2026 Social Security Raise Is Set for a "Trump Bump" -- Here's How Much Extra You Can Expect

In May, the average monthly retired-worker benefit crested $2,000 for the first time in Social Security's storied history. While this is a relatively modest monthly sum, it's proven vital to helping retirees cover their expenses.For nearly a quarter of a century, national pollster Gallup has surveyed retirees to determine how important Social Security income is to their financial well-being. Based on their responses, between 80% and 90% of retirees rely on this leading social program to make ends meet.With nearly 70 million people in July receiving a traditional Social Security benefit, including more than 53 million retired workers, it should come as no surprise that the annual cost-of-living adjustment (COLA) announcement from the Social Security Administration (SSA) in October is the most anticipated reveal of the year.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool