Social security beneficiaries can see 2.7% cost-living adjustment (Cola) next year, which is slightly higher than 2.5%. get This year.
New guess A advocacy group comes from the Senior Citizen League, who posted his prediction on his website on Tuesday after releasing the latest of the Bureau of Labor Statistics. Inflation data,
AARP too Issued 2026 Cola estimated from experts, such as Mike Lynch, Managing Director of Applied Insights at Hartford Funds, who predicted more minor adjustments to the 2025 cola.
Social security administration makes a cost-living adjustment Every year Keep synergy with inflation to ensure benefits for American seniors. The annual adjustment, which the agency is scheduled to announce in October, will be applicable in January 2026.
The SSA did not immediately respond to CBS Manivatch’s request for comments.
Each decline, the agency uses inflation data from July, August and September to determine the cola for next year. The Consumer Price Index (CPI), a basket of goods and services, usually purchased by consumers, tracking prices on everyday goods over time, showed that the rate of inflation in July was stable at 2.7% on an annual basis, as stable in June.
The inflation rate since the beginning of 2025 is less than 3%. However, experts estimate that it may later be inches in the year in the form of tariffs. Put more pressure At consumer prices. Elon Detmister, an economist at UBS, told CBS Manivatch that he estimated that the headline CPI would increase by 3.7% and the core CPI will increase by 3.8% by the second quarter of 2026.
Teresa Ghillardchi, a labor economist from the new school in New York City, believes that the possibility of inflation will increase and it is concerned that a medium -cost living adjustment “possibly will not be enough to cover the inflation rates we are moving forward,” AARP said.
As RipThe 2.5% cola adjustment launched this year increased the payment of average social security retired by about $ 49 per month. The average monthly social security check for all beneficiaries was $ 1,861 in June 2025 and $ 2,005 for retired workers, According To Senior Citizen League.
Apart from Cola, some senior citizens will also benefit from a provision included in President Trump’s “big, beautiful bill” which provides one Temporary tax deduction Up to $ 6,000 for Americans aged 65 years and above.
