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“For many people, Social Security is the only inflation-protected income they have in retirement," Bill Sweeney, AARP’s senior vice president of government affairs, says. "The COLA has allowed America’s seniors to keep up as everyday costs continue to rise — from groceries to housing to prescription drugs."
In 1972 AARP fought to make cost-of-living adjustments (COLAs) automatic rather than subject to a congressional vote. Here's what to know about the 2026 COLA projections.