"October could potentially be a huge month for Social Security. If things go off without a hitch, the Social Security Administration is scheduled to announce a number of key changes to the program later this month. Some of those changes include: A new maximum monthly benefit A new earnings-test limit, which applies to some seniors who work and collect Social Security at the same time A new earnings requirement for work credits A new wage cap"
"In 2025, Social Security recipients got a 2.5% COLA. But so far, experts are calling for a larger Social Security COLA in 2026 - one that could come in at 2.7% or even higher, depending on how much inflation picked up in September. The reality is that many retirees live paycheck to paycheck, with Social Security being their only paycheck. A larger COLA in 2026 could be a huge help to people who need the extra money to keep up with their costs."
The Social Security Administration is scheduled to announce updates including a new maximum monthly benefit, a revised earnings-test limit, a new earnings requirement for work credits, and an increased wage cap. Social Security benefits receive an annual cost-of-living adjustment; recipients received a 2.5% COLA in 2025, and the 2026 COLA could be around 2.7% depending on recent inflation. Many retirees rely primarily on Social Security, so a larger COLA could materially improve daily finances. A moderate COLA near 2.7% would boost benefits without signaling runaway inflation, while a very large COLA could indicate problematic inflationary pressures.
Read at 24/7 Wall St.
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