Social Security, COLA increase
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This has been a unique year, with Social Security's cost-of-living adjustment (COLA) reveal delayed by nine days due to the federal government shutdown. Social Security benefits will climb by 2.8% in 2026, which marks the fifth consecutive year that recipients have received at least a 2.5% year-over-year increase.
The Social Security Administration released its annual cost-of-living adjustment on Friday, and it will take effect starting next year.
Social Security's annual COLA calculations are under scrutiny from advocacy groups, with some calling for different metrics to be used to boost or reduce the inflation adjustments.