Social Security and COLA Updates Amid Government Shutdown

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Source: theboronewspaper.com
Social Security and COLA Updates Amid Government Shutdown
Photo: theboronewspaper.com
TL;DR Summary

The COLA increase for 2026 is set at 2.7%, starting in January, providing a moderate boost to Social Security and SSI benefits to help recipients cope with inflation, with payments scheduled throughout the year and specific adjustments for those receiving both benefits. The increase also affects tax and income thresholds, ensuring financial stability for beneficiaries.

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