Social security beneficiaries may see an increase of 2.7 % of payments in 2026

The projection of Social Security A new cost (Cola) is increasing for the next year, according to a new report.

On Tuesday, the Elderly Association released an update that its model is now expected to be 2026 Cola 2.7 % as of July – an increase of its previous estimates of 2.5 % in May and 2.6 % in June.

Height comes The inflation is directed to the top In recent months. Cola is used for social security to adjust the amounts paid to the beneficiaries to calculate the prices that paid inflation to the top, and Cola for 2025 was 2.5 % and started at the beginning of the year.

The Association of Senior Citizens indicated that its estimate may continue to develop in the next few months before the official announcement of the Social Security Administration in October, where more inflation data is combined into the form.

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This report comes at a time when social security determines the ninetieth anniversary on Thursday, as the safety program faces financial challenges that are expected to support it in less than a decade that prohibits reforms.

Trustees Trust money in social security – which are currently used to increase taxes of salary statements collected to make payments for beneficiaries – he said that the insurance funds are now expected to reach insolvency in the first quarter of 2034 after changes to tax policies under the one beautiful invoice law.

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The non -party committee of the responsible federal budget (CRFB) estimated that the insurance funds will be insolvent in late 2032, and at a time when an automatic interest reduction will occur by 24 % because the current law requires reducing interest to suit the received received Salary tax Revenue if confidence money is exhausted.

CRFB estimated that this would reach $ 18,100 to reduce the annual merit of a retired couple at the beginning of 2033, or reduce about $ 1500 per month in home benefits.

Tax changes will make social security to be difficult sooner than the previous appreciation

president Donald Trump On Thursday, a declaration signed and made statements in appreciation of the anniversary of the social security and said that the law signed by President Franklin de Roosevelt in 1935 is “one of the most important pieces that have ever occurred in the law,” adding, “We will make it stronger, larger and better.”

“In the campaign, I pledged to the elderly the elderly that I will always protect social security, and under this administration, we maintain this promise and strengthen social security for future generations.”

“You continue to hear stories that within seven years, social security will disappear and Democrats will be involved at all, because they do not know what to do. But that will be in a long time with us,” Trump said.

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Social Security Commissioner, Frank Pesiniano, referred to the efforts of the Social Security Department to renew and improve customer service offers for the beneficiaries, noting that the agency reduced the average waiting times for calls and waiting times the office, while improving the operating time on the Internet and access to it.