Social Security Benefits Aren't Enough to Live On. The 2026 Raise Won't Change That.

Many Social Security recipients are eagerly awaiting news of the cost-of-living adjustment (COLA) they are on track to receive in 2026. COLAs help to ensure that people who use the program as an income source lose less buying power as a result of inflation.The COLA is going to be announced by the end of October, giving benefit recipients crucial details about what their budgets will look like next year. Right now, the raise is on track to be a little bit bigger than the one for 2025, although it's not a given that this will be the case.Regardless of how much the COLA is, though, it is not going to make Social Security benefits enough to live on. Here's why.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool