Social Security benefits receive an annual cost-of-living adjustment (COLA) to keep up with inflation. The COLA announcement for 2026 is expected after September’s inflation readings on Oct. 15. A 2.7% raise is estimated for next year, but Medicare premium hikes could offset this increase. Seniors on Social Security and Medicare may see a decrease in their COLA if Medicare Part B costs rise. It’s too early to confirm the exact COLA for 2026, but seniors should not expect a significant increase. Consider adjusting spending or increasing retirement income to cope with potential financial challenges.

Read more at Nasdaq: Social Security’s Latest 2026 COLA Estimate Is 2.7%, but That Doesn’t Tell the Whole Story