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Social Security 2026 cost-of-living adjustment predicted to increase 2.7%
Social Security beneficiaries could see a 2.7% cost-of-living adjustment (COLA) next year, which is slightly more than the 2.5% boost U.S. retirees received this year. The new estimate comes from the Senior Citizens League, an advocacy group, which posted its prediction on its website on Tuesday after the Bureau of Labor Statistics released its latest inflation figures. AARP also released 2026 COLA estimates from experts, such as Mike Lynch, managing director of applied insights at Hartford Funds, who predicted a more modest adjustment in the "low to mid" 2% range, up to 2.7%. The Social Security Administration makes a cost-of-living adjustment each year to ensure benefits payments for U.S. seniors keep pace with inflation. The yearly adjustment, which the agency is scheduled to announce in October, would go into effect in January 2026. The SSA did not immediately respond to CBS MoneyWatch's request for comment. Each fall, the agency uses inflation data from July, August and September to determine the COLA for the next year. The consumer price index (CPI), a basket of goods and services typically bought by consumers that tracks the change in prices on everyday items over time, showed that the inflation rate in July held steady at 2.7% on an annual basis, the same as it was in June. So far, the inflation rate has remained below 3% since the start of 2025. However, experts predict it could inch up later in the year as tariffs put more pressure on consumer prices. Alan Detmeister, an economist at UBS, told CBS MoneyWatch that he estimates headline CPI will rise to 3.7% and core CPI will rise to 3.8% by the second quarter of 2026. Teresa Ghilarducci, a labor economist at New York City's New School, believes inflation will likely rise and is concerned that a moderate cost-of-living adjustment "probably won't be enough to cover the inflation rates that we're headed into," AARP reported. According the the AARP, the 2.5% COLA adjustment introduced this year boosted the average Social Security retiree's payment by about $49 a month. The average monthly Social Security check for all beneficiaries was $1,861 in June 2025 and $2,005 for retired workers, according to the Senior Citizens League. In addition to the COLA, some senior citizens will also benefit from a provision included in President Trump's "big, beautiful bill" which provides a temporary tax deduction of up to $6,000 for Americans aged 65 and older. President Trump says meeting with Russia's Putin is not to broker peace deal in Ukraine Could Tropical Storm Erin become the first Atlantic hurricane of 2025? Trump claims "land swapping" between Russia, Ukraine will happen Sign in to access your portfolio
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Hanesbrands (HBI) Jumps 27.85% on $5-Billion Acquisition Reports
We recently published Hanesbrands Inc. (NYSE:HBI) is one of the best-performing stocks on Tuesday. Hanesbrands soared by 27.85 percent on Tuesday to close at $6.18 apiece as investor sentiment was bolstered by reports that it was set to be acquired by Canada-based Gildan Activewear for $5 billion. According to news reports citing an unnamed source privy to the matter, Gildan Activewear and Hanesbrands Inc. (NYSE:HBI) are currently in advanced discussions for the potential merger, which could be decided on by the end of the week. The reports said the talks could still go either way. Last week, Hanesbrands Inc. (NYSE:HBI) reported an impressive earnings performance in the second quarter and first half of the year. In the quarter period, the company swung to a net income of $81.6 million from a $298 million net loss in the same period last year. Net sales inched up by only 1.8 percent to $991 million from $973 million year-on-year. In the first half of the year, Hanesbrands Inc. (NYSE:HBI) netted $72.15 million, reversing a $337.5 million net loss in the same comparable period. Net sales also grew by 1.9 percent to $1.75 billion from $1.72 billion year-on-year. For the full-year period, Hanesbrands Inc. (NYSE:HBI) expects net sales to hit $3.53 billion, which includes projected headwinds of approximately $35 million from changes in foreign currency exchange rates. Copyright: disorderly / 123RF Stock Photo In the third quarter alone, net sales were targeted at $900 million, including projected headwinds of $7 million. While we acknowledge the potential of HBI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
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Sea Limited (SE) Soars 19% on Stellar Earnings
We recently published Sea Limited (NYSE:SE) is one of the best-performing stocks on Tuesday. Sea Limited snapped a two-day losing streak on Tuesday, closing 19.07 percent higher after rallying as high as 21.7 percent at intra-day trading, with investor sentiment bolstered by a stellar earnings performance in the second quarter of the year. In its updated report, Sea Limited (NYSE:SE) said net income increased by more than fivefold to $414 million from only $79.9 million in the same period last year. Revenues grew 38.2 percent to $5.2 billion from $3.8 billion year-on-year, on the back of strong revenues across all segments. In the first half, net income attributable to shareholders soared by 1,294 percent to $809 million from only $58.2 million in the same comparable period. Revenues grew by 34.67 percent to $10.1 billion from $7.5 billion year-on-year. 'Given the high potential of our markets and the stage we are at in our business now, we will continue to prioritize growth, which will pave the way for us to maximize our long-term profitability. At the same time, our company has reached a stage where we can pursue growth opportunities while improving profitability,' said Sea Limited (NYSE:SE) Chairman and CEO Forrest Li. Copyright: vadymvdrobot / 123RF Stock Photo Founded in 2009, Sea Limited (NYSE:SE) is a leading global consumer internet company that owns brands, namely Shopee, Garena, and Monee. While we acknowledge the potential of SE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
