It's time now for Ask An Expert. Every weekday at 9:20 AM on KCBS we're giving you direct access to top experts in various fields. Today, the Social Security Administration announced its 2026 cost of living adjustment, or "COLA," which aims to help the program's 75 million beneficiaries keep up with inflation. The COLA percentage is increasing to 2.8 percent next year, which marks the first increase in four years.

For more, KCBS Radio anchor Steve Scott spoke with Larry Kotlikoff, professor of economics at Boston University, president of Economic Security Planning, and a New York Times best-selling author.