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Social Security and SSI benefits will increase by 2.8 percent in 2026 due to a cost-of-living adjustment.

The average Social Security retirement benefit will increase by about $56 per month starting in January 2026.

This increase may not fully cover rising costs, as inflation and Medicare Part B premiums are also expected to jump.

The Social Security Administration announced Oct. 24 that Social Security benefits and Supplemental Security Income (SSI) payments for 75 million Americans will increase 2.8 percent in 2026 .

The cost-of-living adjustment (COLA) works out to an average of $56 more per month for Social Security retirement benefits, starting in January, the SSA said. About five million Floridians currently receive Social Security benefits.

Increased paym

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