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Cola Adjustment

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business3 months ago

Social Security 2026: Changes, Delays, and Shutdown Impacts

In 2026, Social Security will see several significant changes including a 2.7% cost-of-living adjustment, an increase in the full retirement age to 67, higher income tax caps for high earners, and the elimination of rules that previously reduced benefits for public sector workers. Additionally, the program faces a long-term funding crisis with depletion projected by 2034, requiring potential reforms.