COLA, Social Security
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In its simplest form, Social Security's COLA is the near-annual "raise" passed along to beneficiaries to offset the impact of inflation (rising prices). If benefits weren't adjusted for the effects of inflation, Social Security recipients would see their income lose buying power most years.
Bureau of Labor Statistics' making a data release exception so older Americans can finally find out what their 2026 Social Security COLA raise is.
The Bureau of Labor Statistics has shared a major update on the announcement schedule of the COLA for the year 2026. Know what it means for the other data reports upcoming.