Should You Expect a Bigger or Smaller Social Security COLA Next Year?

Social Security cost-of-living adjustment (COLA) is on a downward spiral. This year’s COLA is 2.5 percent. Last year it was 3.2 percent and in 2023 it was 8.7 percent. Experts anticipate another decrease next year. According to a report in Investopedia, a 2.1 percent COLA is predicted for 2026. That’s based on a recent announcement from the Bureau of Labor Statistics that inflation is continuing to slow. The CPI-W (the index used to calculate the COLA) was 2.8 percent in December 2024.
The article cautioned that “Inflation slowing down doesn’t mean that seniors are catching up. It’s essential that Congress acts quickly to fix years of sub-par COLAs and help give seniors the quality of life they deserve.”
The Seniors Trust agrees. We are committed to improving the lives of America’s retirees through the passage of The Social Security Expansion Act. It will provide a fair annual cost-of-living adjustment (COLA), give retirees an immediate benefits increase of about $200 a month, and increase minimum benefits. This bill will also ensure the long-term solvency of the Social Security program.