Senior Survey: COLA Not Enough for Retirees

77% of Americans aged 50+ believe the 2026 Social Security COLA of 2.8% is insufficient to keep up with rising costs. Many need at least 5% to stay even, but the official COLA only adds $56 to the average monthly benefit of $2,800. This discrepancy arises from the COLAs calculation method, which may not fully reflect seniors unique spending patterns. Financial experts advise delaying Social Security benefits, diversifying income sources, and managing debt to protect financial security in retirement.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.