Reported about 10 hours ago
Seniors are apprehensive about a modest increase in their Social Security benefits for 2026 due to potential price hikes from tariffs. A recent survey indicates that many retirees fear tariffs will exacerbate inflation, outpacing the expected 2.7% cost-of-living adjustment (COLA). With basic living expenses on the rise, more seniors are leaning on savings and expressing doubt that upcoming COLA increases will sufficiently cover their financial needs amidst growing inflation concerns.
Source: YAHOO