Social Security 2026 COLA Outlook: Potential Increases and Shutdown Impact

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Source: The Motley Fool
Social Security 2026 COLA Outlook: Potential Increases and Shutdown Impact
Photo: The Motley Fool
TL;DR

Forecasts for Social Security's 2026 cost-of-living adjustment (COLA) have increased to around 2.7-2.8%, driven by inflation influenced by tariffs, potentially increasing benefits by about $54-$56 per month for the average retired worker. The official COLA will be announced on October 24, despite ongoing government shutdowns, and beneficiaries should review their updated benefits and related changes.

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