Monthly Social Security payments for tens of millions of retired Americans are set to receive a 2.8 percent cost-of-living adjustment (COLA) increase throughout 2026, the Social Security Administration (SSA) announced on Friday.
Supplemental Security Income (SSI) payments, which are sent to disabled people, will see the same 2.8 percent increase throughout 2026, according to the agency.
What It Means
The 2.8 percent COLA means that Social Security retirement benefits will increase by around $56 on average, starting in January of next year.
While next year’s COLA is slightly higher than the 2.5 percent adjustment that was made for Social Security payments made throughout 2025, it’s still lower than the 3.1 percent average over the last 10 years, said the SSA….