Social Security's 2026 Cost-of-Living Adjustment (COLA) Is on Track to Do Something No One Has Witnessed This Century

In May, the average Social Security retired-worker check made history by crossing above $2,000 for the first time in the program's storied history. While an average monthly payout of $2,000 is a relatively modest sum, it's nevertheless proved vital to helping aging Americans make ends meet.Following 23 consecutive years of surveys from Gallup, we've learned that between 80% and 90% of retirees consistently lean on their Social Security income, in some capacity, to cover their expenses.Considering how many people rely on Social Security as their financial foundation, the annual reveal of the program's cost-of-living adjustment (COLA) during the second week of October is important and highly anticipated.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool