Social Security Administration announces 2026 COLA benefit increase of 2.8%
The 2.8% cost-of-living adjustment will raise average monthly Social Security benefits by $56 to help offset inflation, benefiting 75 million Americans in 2026, the SSA said.
- On July 18, the Social Security Administration announced a 2.8% COLA for 2026, affecting payments for 75 million Americans in the United States.
- COLA calculations use inflation data, with the SSA announcing the 2026 increase based on government inflation figures.
- SSA announced a 2.8% increase, with officials saying it results in an average rise of more than $56 per month for retirees, covering Social Security and SSI beneficiaries.
- The adjustment immediately recalibrates beneficiaries' purchasing power, as SSA officials say it ensures payments keep pace with rising costs and inflation.
- The change affects an estimated 75 million Americans, federal officials said, illustrating how COLA links inflation readings to benefit adjustments.
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Social Security Sets Cost-of-Living Increase. Here’s How Much It Will Go Up
Social Security benefits are set to increase by 2.8% starting in JanuaryGetty Stock photo of a Social Security card and moneyNEED TO KNOWSocial Security benefits and Supplemental Security Income (SSI) payments for 75 million Americans will increase 2.8% in 2026Social Security retirement benefits are set to increase by about $56 per month, on average, starting in JanuaryThe announcement followed the release of September 2025 inflation data, which…
Social Security payments to go up 2.8% next year while polls show three-fourths of seniors think 3% isn't enough to keep up with rising prices
The Social Security Administration’s annual cost-of-living adjustment will go up by 2.8% in 2026, translating to an average increase of more than $56 for retirees every month, agency officials said Friday. The benefits increase for nearly 71 million Social Security recipients will go into effect beginning in January. And increased payments to nearly 7.5 million people receiving Supplemental Security Income will begin on Dec. 31. Friday’s announc…
Social Security benefits will see boost of 2.8%
WASHINGTON — The Social Security Administration’s annual cost-of-living adjustment will go up by 2.8% in 2026, translating to an average increase of more than $56 for retirees every month, agency officials said Friday.
Social Security recipients to get a 2.8% cost-of-living boost in 2026
WASHINGTON — The Social Security Administration's annual cost-of-living adjustment will go up by 2.8 percent in 2026, translating to an average increase of more than $56 for retirees every month, agency officials said Oct. 24.
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