Social Security recipients will get a 3% cost-of-living adjustment in 2024 CHICAGO (NewsNation) — Social Security’s cost-of-living adjustment or COLA, is projected to adjust for inflation for more than 74 million Americans in 2024. It’s th...
In 2026, retirees may see a smallercost-of-living adjustment (COLA)for theirSocial Securitybenefits. The Senior Citizens League (TSCL), a nonpartisan senior group, projected 2026 COLA to be 2.1% in their recently released their monthly estimates.1 This would mark a decline from...
The Social Security Administration sets its yearly COLA based on inflation during the third quarter, or from July through September. The agency takes the average inflation rate over that period from what's known as the Consumer Price Index for Urban Wage Earners and Clerical Workers, or CPI-W,...