The Brief
Social Security recipients will get more money next year, but as cost-of-living adjustments go up, it means inflation is rising too.
The Senior Citizens’ League COLA prediction model has consistently increased this year, "pointing to risks for resurgent inflation."
As the Trump administration plans to honor Social Security’s 90th anniversary, the program faces a looming shortfall in money to pay full benefits.
Social Security recipients’ monthly checks will likely be higher next year with the cost-of-living adjustment, or COLA, but the increase may not cover the full effects of rising inflation, a leading senior advocacy group says.
According to the latest estimate from The Senior Citizens League , inflation data from July marks the sixth consecutive month of higher COL