There's a wide range of possibilities, but the board sees an upward limit on a COLA.

The vast majority of seniors are heavily reliant on Social Security to make ends meet in retirement. In a survey conducted by the advocacy group The Senior Citizens League last year, over two-thirds of respondents said they rely on Social Security for at least half of their income. And 27% said it was their only source of income in retirement.

As such, the annual cost-of-living adjustment , or COLA, is of utmost importance to most retirees. It helps the bulk of their income to keep up with inflation. So far in 2025, inflation has continued to run high despite efforts by the Federal Reserve to push it lower. While we won't have an exact number until October, analysts expect the 2026 COLA to come in a

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