Here's When You Can Now Expect Social Security's 2026 Cost-of-Living Adjustment (COLA) to Be Announced

For seniors on Social Security, October tends to be a very important month. The reason? October is when the Social Security Administration (SSA) typically announces each year's cost-of-living adjustment (COLA).The purpose of Social Security COLAs is to help ensure that benefits are able to keep up with inflation. It used to be that lawmakers had to vote in a COLA for benefits to increase. But since the mid-1970s, Social Security COLAs have been automatic.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool