US EditionSocial Security COLA update: Government cutbacks could lead to less money for beneficiaries
- The Senior Citizens League projected the 2026 Social Security cost-of-living adjustment to be 2.5% based on recent Consumer Price Index data.
- This forecast follows ongoing concerns that Bureau of Labor Statistics cutbacks and a hiring freeze have reduced the accuracy of inflation data used to calculate COLA.
- TSCL research indicates a serious mismatch between government inflation reports and what seniors experience, with reduced CPI data collection likely causing understated COLA figures.
- The CPI-W rose 2.2% year over year with prices driven up by shelter and food costs, while TSCL's Shannon Benton warned a lower COLA than inflation can cost seniors thousands over retirement.
- Meanwhile, the Social Security Administration has recovered $4.7 billion from alleged overpayments totaling $21.6 billion, with a House subcommittee planning a hearing to address repayment issues affecting vulnerable beneficiaries.
18 Articles
18 Articles
The debt of the Social Security, which was kept contained from 2000 to June 2017 at around 17,000-18 billion euros, climbed in the second half of that year.
NWAHOMEPAGE
Social Security COLA increase: Senior group issues projection, but warns of potential new ‘problems’
(NEXSTAR) – What kind of bump can Social Security beneficiaries expect in 2026? A new projection from the Senior Citizens League expects a modest one — if indeed the data they’re interpreting is accurate. The Senior Citizens League (TSCL) is a nonpartisan senior advocacy group aiming to educate older Americans about laws, rights and financial issues facing their demographic in retirement. The organization is also known for its accurate projectio…
Alabama Live
Staten Island AdvanceSocial Security benefit update: COLA estimate reveals a new and big concern
TSCL’s model prediction has increased for four consecutive months.
Social Security's 2026 COLA Has an Unpleasant Surprise in Store for Retirees
Seniors who get a large chunk of their retirement income from Social Security often find themselves asking a key question at several points during the year: "What will my next raise look like?" For many older Americans, Social Security's cost-of-living adjustments, or COLAs, are extremely…
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