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Social Security Benefits May Grow in 2026, but Will It Be Enough to Cover Your Bills?
The 2.7% cost-of-living adjustment matches July's inflation rate and will increase average monthly benefits by about $54, aiding 70 million Social Security recipients in 2026.
- Next year, the Social Security program will overhaul benefits, including a 2.7% COLA and a taxable earnings limit of $183,600 with a $11,383.20 maximum tax.
- The Social Security Administration uses third-quarter CPI-W data, which increased 2.5% in July, to determine the 2026 COLA, comparing it with previous months.
- Nearly 39% of Social Security beneficiaries rely solely on their monthly checks, and almost 13% subsist on less than $1,000 a month after taxes, TSCL shows.
- Amid rising earnings limits, the SSA will enforce a policy requiring repayment of 50% of overpaid benefits, often from unreported changes, and workers exceeding the $176,100 cap in both years will owe an extra $465 next year.
- The Social Security Office of the Chief Actuary said President Trump’s tax package moves insolvency to 2032, requiring a 25.8% benefit cut by 2034.
15 Articles
15 Articles
Social Security Cost-of-Living Adjustment Estimate Raised to 2.7 Percent for 2026
The Social Security cost-of-living adjustment (COLA) for 2026 is projected to be 2.7 percent, according to an Aug. 12 estimate from The Senior Citizens League (TSCL), based on the latest inflation data. The group’s updated projection is 0.2 percentage points higher than the 2.5 percent increase implemented at the start of 2025. Last month, TSCL’s model also pointed to rising inflation risks, marking several consecutive months of upward revisions…
Social Security benefits may grow in 2026, but will it be enough to cover your bills?
Social Security benefits are expected to increase slightly in 2026, according to the latest forecast from The Senior Citizens League. The nonpartisan advocacy group estimates the 2026 cost-of-living-adjustment (COLA) will fall in at 2.7% in 2026, up .2% over the 2025 increase.
Social Security’s Low COLA Will Hurt Some Seniors
A new analysis of the increase in Social Security payments shows that they may rise only 2.7%. The final number will be announced in October. While the monthly Consumer Price Index (CPI) numbers have run between 2.5% and 3.0% in recent months, the increase in the price of some essentials has been much higher. Seniors on tight budgets, especially those who rely on Social Security entirely, could struggle financially in the year ahead. 24/7 Wall…
Social Security Gets a Shake-Up in 2026, and 3 Changes May Surprise Retirees @themotleyfool #stocks
Key PointsThe maximum taxable earnings limit will increase in 2026, so some workers will have more pay withheld to cover Social Security taxes.Social Security's full retirement age (FRA) will increase in 2026, so workers born in 1959 will reach FRA at 66 years and 10 months.Social Security beneficiaries will receive a cost-of-living adjustment (COLA) in 2026; the trustees estimate benefits will increase 2.7%.The $23,760 Social Security bonus mos…
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