Social Security's 2026 Cost-of-Living Adjustment (COLA) Is Likely to Be Bad News for Retirees

Less than one-third of retirees report being "very confident" when asked whether they have enough money to live comfortably throughout retirement, according to a survey from the Employee Benefit Research Institute. In most cases, inflation is the reason for that lack of confidence.Social Security beneficiaries receive cost-of-living adjustments (COLAs) each year to keep benefit payments aligned with rising prices across the economy, but surveys conducted by The Motley Fool suggest more than 50% of retirees found the last two COLAs insufficient.Indeed, Social Security benefits have lost 20% of their purchasing power since 2010 because COLAs have failed to keep pace with inflation, according to The Senior Citizens League, a nonprofit advocacy group. Unfortunately, the 2026 COLA is likely to be more bad news for retired workers on Social Security.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool