Social Security Benefits to Rise 2.8% in 2026
TL;DR Summary
The Social Security Administration announced a 2.8% cost-of-living adjustment for 2026, increasing benefits by about $56 per month on average, though higher Medicare premiums and taxes may offset some of this increase. The COLA aims to help beneficiaries keep up with inflation, with the adjustment based on the Consumer Price Index for Urban Wage Earners and Clerical Workers.
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