It seems the only constant in life is change. Let's take a look at why the 2026 COLA is both good and bad for Social Security recipients.

If you're turning 66 in 2026 and you claim Social Security next year, you'll face a permanent reduction to your monthly benefits. And that could be problematic if you don't have a lot of retirement savings and you need those monthly benefits to cover your living costs.

Social Security is facing a financial crisis, and a proposed solution is to phase out the program, allowing workers to opt out of the system at age 35 and invest their taxes in private retirement

Amidst growing concerns over the sustainability of Social Security, many are questioning whether the program is fundamentally broken. With discussions highlighting potential funding shortfalls, it’s crucial to explore alternatives that could provide ...

The two main ways to fix Social Security are to shrink benefits or increase revenue coming into the coffers. The Committee for a Responsible Federal Budget (CRFB) created The Reformer -- a clever tool that lets any of us enter various proposed changes to the program to see what percentage of the projected shortfall will be closed by each of them.

Social Security benefits are a critical source of income for many people. Unfortunately, some of the individuals who are reliant on benefits may soon find themselves facing one of the biggest benefit cuts in history.

The new Social Security cost-of-living-adjustment, or COLA, is 2.8% for 2026, according to the Social Security Administration

The Social Security earnings test is used to determine if a Social Security recipient's benefit will be reduced due to their earnings. And for the purposes of the 2026 Social Security earnings test, there are three groups:

The cost-of-living adjustment for 2026, known as COLA, came in slightly higher than the prior year's hike of 2.5%. Over the past decade, the average COLA clocked in at 3.1%.