Forecast for 2026 COLA for Social Security offers promise of potential increase, but concerns remain.

From Nasdaq: 2025-04-20 03:44:00

1. Social Security remains a crucial income source for retirees, with most relying on their modest benefit checks to cover expenses.
2. The annual cost-of-living adjustment for Social Security, anticipated in October, is a highly anticipated announcement for the program’s 52 million retired workers.
3. The 2026 COLA forecast offers hope for retirees, with estimates suggesting a potential increase that could lift average monthly benefits above $2,000.
4. While the 2026 COLA may see a modest increase, concerns remain about the purchasing power of Social Security dollars due to the flawed CPI-W calculation.
5. Despite some promising forecasts for the 2026 COLA, rising costs in key areas like medical care and shelter may still outpace the adjustments, potentially leading to a loss of purchasing power for retirees.

Read more at Nasdaq: Social Security’s Newest 2026 Cost-of-Living Adjustment (COLA) Forecast Points to Promise and Peril for Retirees