The Social Security Administration (SSA) has announced a new Cost-of-Living Adjustment (COLA) for the upcoming year, designed to help recipients manage rising inflation and increased living costs. Millions of Americans, particularly seniors, are set to benefit from this adjustment.
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This year’s COLA represents a 2.8% increase, which is lower than last year’s historic 8.7% rise. Over 70 million beneficiaries, including retirees, disabled individuals, and others who rely on Social Security, will experience changes in their monthly payments starting in January 2026.
Key Details:
- Effective Date: The new COLA will be reflected in checks starting in January 2026.
- Average Monthly Benefit: The average retired worker will see their monthly benefit increase by approximately $56, bringing the average benefit to $2,071.
Predicted Benefits With COLA 2026 for age 54-65+ :
Based on current estimates, here’s what you can expect from Social Security benefits by 2026:
