What Is Social Security? | Here's What We Know
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What Is Social Security? | Here's What We Know
Social Security, initially a safety net funded by payroll taxes to guarantee income for older Americans, the program has expanded to cover disabled workers, children of deceased or disabled workers, and surviving spouses. 184 million workers currently support nearly 70 million recipients at a cost of $1.5 trillion, consuming 22% of the federal ...
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The Social Security Administration's COLA, or cost-of-living adjustment, will be 2.8% in 2026, the agency said on Friday, with Social Security retirement benefits set to increase by about $56 per month on average starting in January. CNBC's Sharon Epperson explains what the change means for retirees. Read the full story: cnb.cx/4oEp1Qb Sign up for the Money 101 newsletter for more personal finance updates: cnb.cx/3HU95t9 | CNBC
The Social Security Administration's COLA, or cost-of-living adjustment, will be 2.8% in 2026, the agency said on Friday, with Social Security retirement benefits set to increase by about $56 per month on average starting in January. CNBC's Sharon Epperson explains what the change means for retirees. Read the full story: cnb.cx/4oEp1Qb Sign up for the Money 101 newsletter for more personal finance updates: cnb.cx/3HU95t9 | CNBC
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