"Each year, Social Security benefits are eligible for an automatic COLA based on inflation. But the big question is, just how much will that COLA be? We're close to having an answer - at least in theory. The Social Security Administration (SSA) is supposed to make an official COLA announcement on October 15. But if the current government shutdown delays key inflation data, then the SSA may need to postpone that announcement."
"While there's no official word on a Social Security COLA just yet, the nonpartisan Senior Citizens League is projecting that next year's COLA will be 2.7% based on the inflation data that's been released so far. Meanwhile, as of August, the average Social Security retirement benefit was about $2,008. If we apply a 2.7% COLA to $2,008, it brings us to $2,062. And that means that the typical senior on Social Security could be looking at a $54 raise in theory."
Social Security benefits receive an annual cost-of-living adjustment (COLA) tied to inflation, with the Social Security Administration scheduled to announce the 2026 COLA on October 15. The Senior Citizens League projects a 2.7% COLA based on current inflation data, which would increase the average retirement benefit from $2,008 to about $2,062, a $54 monthly rise. A government shutdown could delay release of key inflation data and postpone the SSA announcement. Medicare Part B premiums are deducted from Social Security checks, and an increase in those premiums for 2026 could significantly reduce or eliminate the net benefit increase.
Read at 24/7 Wall St.
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