Social Security COLA Increase for 75 Million Seniors Released
The Social Security Administration has announced a 2.8 percent cost of living adjustment (COLA) for 2026 Social Security benefits.
This increase will result in more money in each check, with the average retiree receiving approximately $56 extra per month.
The COLA is based on the consumer price index for urban wage earners and clerical workers (CPI-W) and affects around 75 million Americans who rely on Social Security benefits each month.
The 2.8 percent COLA will translate to roughly $56 extra per month for the average retiree on Social Security.
Author's summary: Social Security benefits to increase by 2.8 percent in 2026.
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