Social Security's 2026 Cost-of-Living Adjustment (COLA) Appears to Be a No-Win Scenario for Retirees

For a majority of the 53 million retired workers who brought home a Social Security check in June, their payout is indispensable. Though the average monthly retired-worker benefit is a fairly modest $2,005, nearly a quarter century of annual surveys from Gallup show that 80% to 90% of retirees lean on this payout, to some degree, to cover their expenses.For these retirees, nothing is of greater importance than knowing how much they'll be receiving on a monthly basis. This is why October's annual cost-of-living adjustment (COLA) reveal by the Social Security Administration (SSA) is such an anticipated event.While there's a realistic chance that Social Security's 2026 COLA will do something that hasn't been witnessed in nearly three decades, the unpleasant truth is it still presents as a no-win scenario for retirees.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool