Social Security's 2026 Cost-of-Living Adjustment (COLA) Could Be Compromised for This Reason

Millions of older Americans today collect Social Security. For some seniors, Social Security represents only part of their income. But many retirees live only or mostly on Social Security, creating a situation where the program's annual cost-of-living adjustments, or COLAs, become all the more important.The purpose of Social Security COLAs is to help beneficiaries maintain their buying power from one year to the next. Social Security COLAs are tied directly to changes in inflation. When inflation rises from one year to another, benefits go up. When there's no increase in inflation, or when there's a decrease, Social Security benefits stay don't get a COLA (but thankfully, they also don't go down).Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool