Wednesday, May 7, 2025

The Congressional Budget Office (CBO) estimates retired workers on Social Security will receive a 2.4% cost-of-living adjustment (COLA) in 2026

Article Title: Social Security Retirees Just Got Bad News About the 2026 COLA From Washington
Snippet of Article: "The Social Security Administration cannot calculate the 2026 COLA for several months. But the Congressional Budget Office (CBO) expects benefits to increase 2.4% next year. That would be the smallest raise for retirees since 2021. But CBO published that forecast before President Trump took office. ...Since then, retired workers have received bad news from Washington. The Trump administration in early April imposed the largest tariff hike in history. And while the fallout from the dramatic shift in trade policy is still unknown, most economists think inflation will increase. That means Social Security's 2026 COLA could top expectations. ..."


Source: finance.yahoo.com

[tag]Congressional Budget Office (CBO), 2026 Social Security COLA estimate, [/tag]