The Social Security Administration recently announced a 2.8% cost-of-living adjustment (COLA) for 2026, which translates to approximately $56 more per month for the average retiree. But findings from a new Allianz Life survey show many Americans are still unprepared to make the most of their benefits, with 55% saying they don’t know much about how Social Security fits into their retirement plan.
Also See: 5 Things the US Should Do Now To Tackle Looming Social Security Cuts, According to Experts
