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Elizabeth Warren: “The Trump administration announced the cost of living…”

Featuring: Elizabeth Warren, Democratic | U.S. Senate, Massachusetts

Social Security is under threat. Here's why you should care.

Published January 15, 2026 | Video Starts at 04:59

Think of it this way. The adjustment happens after inflation has already done its job damage. Over the last 15 years, Social Security benefits have lost 20% of their buying power. The Trump administration announced the cost of living increase for 2026 is about 2.8%. That's an average of just about $56 extra each month. Think about $56. That's not even enough to cover a week's worth worth of groceries for most people. (04:59–05:13)

CLAIM

Asserts that the Trump administration announced a 2.8% cost of living increase for 2026.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Elizabeth Warren

“Social Security lifted nearly 29 million people out of poverty in 2024.”
Social Security is under threat. Here's why you should care. | Uploaded January 15, 2026 | 00:45-00:53
“Over the last 15 years, Social Security benefits have lost 20% of their buying power.”
Social Security is under threat. Here's why you should care. | Uploaded January 15, 2026 | 04:51-04:59
“Half of all American seniors rely on Social Security for half of their income.”
Social Security is under threat. Here's why you should care. | Uploaded January 15, 2026 | 05:24-05:31
“Social Security is the only source of income for one out of four people.”
Social Security is under threat. Here's why you should care. | Uploaded January 15, 2026 | 05:24-05:31
“A CEO making $20 million a year pays about the same amount into Social Security as someone making $176,000 a year.”
Social Security is under threat. Here's why you should care. | Uploaded January 15, 2026 | 06:13-06:25
“Some Americans are reporting waiting months [for Social Security services].”
Social Security is under threat. Here's why you should care. | Uploaded January 15, 2026 | 01:56-02:00
“Donald Trump slashed services and cut staff at the Social Security Administration.”
Social Security is under threat. Here's why you should care. | Uploaded January 15, 2026 | 02:26-02:32
“Trump's head of Social Security, Frank Bisignano, floated raising the retirement age.”
Social Security is under threat. Here's why you should care. | Uploaded January 15, 2026 | 02:52-02:59
“The Trump administration was close to announcing a rule to make it harder for disabled Americans to get Social Security disability benefits.”
Social Security is under threat. Here's why you should care. | Uploaded January 15, 2026 | 02:58-03:15