Government shutdown is impacting Social Security
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The 2026 Social Security cost-of-living adjustment (COLA) is set to be announced this month. Here's when and what recipients may see.
Behind the rise are two main forces: higher prices for health care services and a growing rate of utilization — both of which are accelerating at once. That means employees can expect higher paycheck deductions, steeper deductibles and more limited plan choices as companies search for ways to balance their budgets. (3)
Retirees who collect Social Security are going to get a Cost of Living Adjustment (COLA) in 2026. The exact amount of that COLA won’t be announced until October 24, 2025, because that’s when the data needed to determine the Cost of Living Adjustment becomes available.
This would normally be the most-exciting week of the year for Social Security recipients, but the federal government shutdown had other plans. The last puzzle piece needed to calculate Social Security's 2026 COLA will be revealed on Oct.
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For retirees, few announcements have more bearing than the annual cost-of-living adjustment (COLA) reveal in October. Though Social Security payouts are on track to do something that hasn't been witnessed in almost 30 years, next year's "raise" appears set to give retirees the short end of the stick, yet again!
For the overwhelming majority of retirees, Social Security represents more than just a monthly check. It's a vital source of income that lays a financial foundation for aging Americans who can no longer provide for themselves. For the last 23 years, Gallup ...