Social Security benefits are on pace to get a larger cost-of-living adjustment (COLA) next year, but the pay bump may not be big enough to keep retirees ahead of inflation.

"Seniors are choosing to file earlier because they fear their benefits could be reduced in the future," Kevin Thompson, 9i Capital Group CEO, told Newsweek.

A former employee said the Social Security Administration's Office of Legislation and Congressional Affairs has reduced its worker count.

Social Security beneficiaries may receive an estimated 2.7% cost of living adjustment (COLA) in 2026, which would raise average monthly benefits by $54 based on recent inflation data.

The American workforce is now short 1.2 million workers — the result of the harshest, most aggressive campaign ever waged to ...

Social Security’s cost-of-living adjustment (COLA) for 2026 will be announced in October, but estimates already anticipate a ...

The CBO said the federal deficit hit $2 trillion in the first 11 months of FY2025, driven by higher Social Security and ...