Social Security’s 2026 COLA raised average monthly retirement checks by $56, affecting 75+ million Americans. 2027 may see a 2.8% increase, per Senior Citizens League. Medicare premium increased 10% from 2025 to 2026. Open enrollment runs Oct. 15 to Dec. 7. Review and update coverage annually.

Consider cutting costs to offset rising expenses. Cancel unused subscriptions, downgrade plans, cook at home, and shop smartly. Put extra money into a high-yield savings account for emergencies. Take advantage of senior discounts to save on various expenses, starting as early as age 50, according to Caring.com.

Read more at Yahoo Finance: How To Protect Your Budget Now Ahead of a Potentially Tiny 2027 COLA Increase