Social Security beneficiaries may receive a larger cost-of-living adjustment, or COLA, in 2027 than early forecasts suggest. Current estimates have pointed to a moderate increase, but rising inflation, especially higher energy prices, could push the final adjustment higher. The 2027 COLA is not final yet. It will depend on inflation readings during the third quarter … Read more
Many Social Security recipients are worried that rising tariffs could push everyday prices higher than their annual cost-of-living adjustment can cover. A new nationwide survey from the Nationwide Retirement Institute shows growing concern among retirees and future beneficiaries that Social Security checks may not keep pace with real household expenses. According to the poll, 66% … Read more
Social Security benefits are not just extra income for millions of Americans. For many retirees, older adults, and people with disabilities, these monthly payments are the main source of money used for rent, food, utilities, medical costs, and daily living expenses. Because these benefits are so important, federal law gives them strong protection from most … Read more
Millions of Social Security recipients could receive a larger cost-of-living adjustment in 2027 if current inflation trends continue. A new projection suggests that benefits may rise more sharply than they did in 2026, offering retirees some relief as everyday expenses remain high. According to The Senior Citizens League, Social Security benefits could increase by 3.3% in … Read more
Social Security is one of the most important income sources for millions of retirees, but the amount a person receives each month can vary greatly depending on when they claim. While lifetime earnings play a major role in calculating benefits, claiming age can also make a major difference. Retirees can generally start benefits as early … Read more
The 2027 Social Security COLA forecast has jumped to 3.9%, marking a sharp increase from the earlier estimate of 2.8%. The latest projection reflects rising inflation pressures, especially in areas that matter most to retirees, including housing, utilities, energy, insurance and health care. The estimate comes from The Senior Citizens League, a senior advocacy group that closely tracks inflation trends … Read more
Social Security insolvency fears are growing as millions of Americans worry about whether their retirement benefits will remain fully available in the future. The concern has become more serious after the 2025 Social Security Board of Trustees report warned that the program’s reserves are expected to be depleted sooner than previously projected. According to the … Read more
Millions of older Americans are entering retirement with debt, and for many of them, Social Security is their main source of monthly income. With the average retiree receiving around $2,000 per month, rising costs for housing, groceries, utilities and medical care can make it difficult to manage basic expenses. The pressure becomes even greater when … Read more
A new Social Security law has increased payments for more than three million Americans, but one Illinois woman’s case shows how benefit increases can still become vulnerable to mail theft and payment fraud. Jo Howard, a retired teacher from Pingree Grove, said she received a letter from the Social Security Administration informing her that she … Read more
Social Security plays a major role in retirement planning for millions of Americans, but many workers do not realize that one hidden rule can quietly reduce their monthly benefit. The 35-year rule is one of the most important parts of the Social Security benefit formula, especially for people with shorter work histories. To calculate retirement benefits, the … Read more