Benefits Increasing for 75 Million Americans
The Social Security Administration (SSA) has announced a 2.8% cost-of-living adjustment (COLA) for 2026. The increase will impact approximately 75 million Americans receiving Social Security and Supplemental Security Income (SSI) benefits.
On average, retirement benefits will rise by about $56 per month starting in January 2026.
Over the past decade, COLA adjustments have averaged 3.1%, making the 2026 increase slightly below the long-term average but higher than 2025’s 2.5% adjustment.
When the Increase Takes Effect
- Social Security beneficiaries: COLA changes take effect in January 2026.
- SSI recipients: Increased payments begin December 31, 2025.
(Some individuals receive both Social Security and SSI benefits.)
SSA Commissioner Frank J. Bisignano stated,
“The annual cost-of-living adjustment ensures benefits reflect today’s economic realities and continue to provide a foundation of security.”
Other Key Adjustments for 2026
In addition to the COLA, the maximum taxable earnings for Social Security will rise from $176,100 to $184,500.
SSA will begin notifying beneficiaries of their new benefit amounts in early December. Those with a my Social Security account can view their updated information securely online before mailed notices arrive.
To access your notice digitally, set up an account by November 19 at ssa.gov/myaccount.
Medicare Updates and Resources
Information on Medicare changes for 2026 will be posted at medicare.gov.
Social Security beneficiaries enrolled in Medicare will be able to view their updated benefit information in their my Social Security Message Center starting in late November.
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