The article discusses the importance of Cost-of-Living Adjustments (COLAs) for Social Security beneficiaries, emphasizing how these adjustments are critical for preserving purchasing power against inflation. Experts estimate a modest 2.5% COLA for 2026 based on recent CPI-W figures, indicating it could be one of the smallest adjustments in years. Although designed to help retirees cope with economic changes, the article suggests that COLAs often fall short, prompting discussions on financial planning for seniors in light of insufficient increases.
Social Security Cost-of-Living Adjustments (COLAs) are crucial for retirement communities, designed to help monthly benefits keep up with inflation and preserve purchasing power.
Experts project a modest 2.5% COLA for 2026, based on CPI-W data, marking one of the smallest increases since 2021.
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