The Social Security Administration announced on Friday that Social Security benefits for 75 million Americans will be increasing by 2.8% in 2026. This includes Old-Age, Survivors, and Disability Insurance, as well as Supplemental Security Income payments.

Beginning in January, on average, Social Security retirement benefits will increase by about $56 per month, as indicated in a press release by Social Security.

The cost-of-living adjustment increase has averaged about 3.1% over the last ten years; this year, the adjustment was 2.5%.

Starting in January 2026, nearly 71 million Social Security beneficiaries will see a 2.8% cost-of-living adjustment. The newly increased payments to those receiving Supplemental Security Income will begin on Dec. 31, 2025.

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