Social Security Announces 2026 COLA Increase
Social Security's annual cost-of-living adjustment aims to help its 75 million beneficiaries keep pace with inflation.
The Social Security Administration announced a 2.8% cost-of-living adjustment for 2026, boosting monthly payments for its beneficiaries starting early next year.
- The 2.8% increase is higher than the 2.5% COLA for 2025.
- Inflation has risen, with the Consumer Price Index increasing at an annual rate of 3% in September.
- The average Social Security payment will increase by about $56 to $2,071 per month starting in January.
Author's summary: Social Security announces 2.8% COLA increase for 2026.
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