Social Security benefits will set a record next year, and retirees in these 5 states can expect to see the greatest COLA increases. Here's why

The historic rise is also "laughably misaligned" and "woefully insufficient," according to experts.
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2026 Social Security COLA finalized -- retirees face major financial hit

Retirees are getting a 2.8% COLA in 2026. The COLA takes effect this month. Seniors are taking a hit because COLAs haven't been keeping pace with inflation -- and Medicare premiums are also eating up ...