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 represents an uptick from the 2025 COLA of 2.5%.
- Inflation has edged higher this year, with the Consumer Price Index rising at an annual rate of 3% in September.
- The COLA increase will boost the average Social Security payment by about $56 to an average monthly benefit of $2,071, starting in January.
According to the Social Security Administration, this increase will automatically boost monthly payments for roughly 75 million beneficiaries.
The Labor Department said the Consumer Price Index rose at an annual rate of 3% in September.
Author's summary: Social Security announces 2.8% COLA increase for 2026.
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