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.
