44% of Older Americans Rely Entirely on Social Security. Here's What the 2027 Cost-of-Living Adjustment (COLA) Means for

Here's an eye-opening statistic: According to The Senior Citizens League's (TSCL) 2026 Senior Survey, fully 24.8 million older Americans -- roughly 44% of retirees -- are relying on Social Security as their only source of retirement income. That number is a lot higher than the 39% reported a year earlier. Image source: Getty Images. That saddens me, but it doesn't surprise me, because various reports have shown how little most Americans have socked away. For example, check out these numbers from the 2026 Retirement Confidence Survey:

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