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Social Security COLAs Are Poised to Disappear, Possibly Forever – Here’s Why
Key takeaways
- COLAs will keep being calculated but deliver zero extra dollars until a retiree's growing scheduled benefit climbs back above the payable 78% cap.
- Congress could fix the shortfall by raising the payroll tax rate from 12.4% to roughly 16%, but 77% of Americans oppose the resulting tax hike.
- SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today.
Social Security COLAs Are Poised to Disappear, Possibly Forever – Here’s Why Michael Williams Sun, June 28, 2026 at 4:56 AM GMT+7 5 min read Quick Read The OASI trust fund depletes in 2032, after which payroll taxes cover only 78% of scheduled benefits, shrinking checks to roughly 78 cents on the dollar.
COLAs will keep being calculated but deliver zero extra dollars until a retiree's growing scheduled benefit climbs back above the payable 78% cap.
Congress could fix the shortfall by raising the payroll tax rate from 12.4% to roughly 16%, but 77% of Americans oppose the resulting tax hike.
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