Social Security is in need of some major reforms within the next seven years if the government wants to continue paying full benefits to retirees. The program's chief actuary, Karen Glenn, expects Social Security to deplete its trust fund before the end of 2032 . When that happens, it's required to cut benefits for all recipients, a fate Congress desperately wants to avoid.

Unfortunately, legislators have made little progress in completely overhauling Social Security and ensuring the financial stability of over 70 million recipients. But there are several built-in annual changes to Social Security that could have a major impact on you in 2026, whether you already collect benefits or you're still working.

1. The cost-of-living adjustment

One of the biggest changes every year is the co

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