COLA Increase: Social Security Benefits Face Challenges

Inflation and new policies are causing significant challenges for American workers planning for retirement. The projected 2.8% COLA increase for Social Security in 2026 may not keep pace with rising costs, as the CPI rose 2.7% over the past year. Medicare Part B premiums are also set to increase by 9.7% in January 2026, further impacting the 70 million Social Security beneficiaries and 185 million workers contributing to the system. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.