Social Security’s COLA could hit 2.8% in 2026 as more seniors face poverty
1. Social Security's COLA may rise to 2.8% in 2026, impacting spending. 2. Monthly benefits increase by $54, but inflation may offset gains. 3. 39% of beneficiaries rely solely on Social Security for income. 4. Older adult poverty rates rose to 15% in 2024, the highest among age groups. 5. Higher inflation driven by shelter and food costs complicates benefits.