US EditionWhat The Brand New Inflation Numbers Mean for Your 2026 Social Security COLA
UNITED STATES, JUL 14 – The 2026 Social Security cost-of-living adjustment is projected near 2.7% while a new senior tax deduction will benefit over 14 million retirees aged 65 and older, analysts say.
- On Tuesday, the Bureau of Labor Statistics reported that the CPI-W rose 2.6% year over year, providing the gauge for the 2026 COLA.
- Unlike most inflation measures, the Social Security Administration bases its annual COLA on the CPI-W, which covers 29% of households versus 93% for the CPI-U.
- Medicare Part B premiums will rise to $206.50, up $21.50, marking the largest increase since 2022, according to the 2025 Medicare Trustees annual report.
- These tax breaks, with a $6,000 senior tax deduction benefiting millions of taxable Social Security recipients, White House's Council of Economic Advisers reported.
- Without reform, the trust funds may be depleted by 2033, risking a 23% reduction in scheduled benefits.
14 Articles
14 Articles
What The Brand New Inflation Numbers Mean for Your 2026 Social Security COLA
Key Points Social Security’s cost-of-living adjustments are tied directly to inflation. June data showed a notable uptick in inflation compared to the previous month. That could set the stage for a larger Social Security COLA, though that’s not necessarily a good thing. Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefull…
Social Security Cost-of-Living Adjustment Could Rise More in 2026, Group Forecasts
The cost-of-living adjustment (COLA) for Social Security payments in 2026 could increase by 2.6 percent, according to a new estimate based on federal inflation data released on Tuesday for the month of June. In a news release, The Senior Citizens League increased its COLA estimate by 0.1 percent over last month’s prediction, noting that its “model’s prediction has increased for five consecutive months amid mounting inflationary pressures.” Last …
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