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October 16.2025

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Social Security 2026 COLA Update: What Seniors in Muskegon Should Know

Social Security Administration emblem on window for 2026 COLA.

What Seniors Need to Know About the 2026 COLA Announcement

The Social Security Administration (SSA) has confirmed that the eagerly awaited announcement date for the 2026 Cost-of-Living Adjustment (COLA) will be on October 24, 2025. This update comes after a government shutdown delayed essential inflation data, which plays a critical role in determining how much monthly benefits will increase. For millions of retirees and low-income seniors, this information is vital for budgeting and financial planning.

Understanding Inflation's Impact on Benefits

The COLA is calculated based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). This metric reflects changes in the cost of living, which includes housing, food, and medical expenses. Currently, estimates suggest that the 2026 COLA could be around 2.7% to 3%. If this prediction holds, it could translate to an increase of approximately $54 per month, based on the average Social Security benefit amount, which was about $2,008 as of August 2025.

Historical Context of COLA Adjustments

COLA adjustments are not new, and seniors have relied on these increases for years to maintain their purchasing power amidst rising living costs. However, the purchasing power of Social Security benefits has been a growing concern, with many recipients noting that adjustments often lag behind actual inflation rates. Historical data indicate that benefits have not kept pace with rising expenses, highlighting the need for careful financial planning among retirees.

The Importance of Timely Information

The delay in announcing the COLA is significant for low-income seniors, retirees, and those nearing retirement, especially as inflation continues to strain their budgets. Understanding when and how benefits might rise can help individuals prepare for necessary adjustments in spending.

Take Action: Prepare for Your Future

Seniors should consider this upcoming COLA update as a prompt to evaluate their finances and strategies for applying for Social Security benefits. Whether you’re in Muskegon or elsewhere, take the necessary steps now to file for Social Security online or schedule an appointment to ensure you’re ready to receive your deserved benefits.

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Social Security 2026 COLA Update: What Seniors in Muskegon Should Know

What Seniors Need to Know About the 2026 COLA Announcement

Understanding Inflation's Impact on Benefits

Historical Context of COLA Adjustments

The Importance of Timely Information

Take Action: Prepare for Your Future

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