By Jack Phillips Monthly Social Security payments for tens of millions of retired Americans are set to receive a 2.8 percent cost-of-living adjustment (COLA) increase throughout 2026, the Social Security Administration (SSA) announced on Friday. Supplemental Security Income (SSI) payments, which are sent to disabled people, will see the same 2.8 percent increase throughout 2026, […]
Tag: Cost of Living Adjustment (COLA)
A Cost of Living Adjustment (COLA) is an increase in income designed to offset the effects of inflation on the cost of goods and services. It helps maintain the purchasing power of wages, pensions, and other forms of income as the cost of living rises.
