Think Your Next Social Security Raise Will Be Enough? History Says Otherwise.
Don't bank too heavily on a big boost to your finances.
Overview
If you were disappointed in your 2026 Social Security cost-of-living adjustment, or COLA, that's understandable. Earlier this year, benefits rose just 2.8%.
Granted, that boost was higher than the 2.5% COLA that came through the year before. But in 2022, 2023, and 2024, Social Security COLAs came to 5.9%, 8.7%, and 3.2%, respectively. So it's easy to see why this year's 2.8% raise just didn't cut it for many retirees.
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Details
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.