Social Security Benefits to Increase by 2.8% in 2026
The Social Security Administration announced a 2.8% increase in benefit payments for 71 million recipients in 2026.
The average monthly benefit for retired workers will rise to $2,064 from $2,008, starting in January, an increase of about $56.
- Average monthly benefits for retired workers: $2,064 (up from $2,008)
- Supplemental Security Income beneficiaries: 7.5 million (receiving a 2.8% cost-of-living adjustment)
- Maximum earnings subject to Social Security tax: $184,500 (up from $176,100)
The SSA's calculation is based on the average of the previous three months' inflation, as measured by the U.S. Bureau of Labor Statistics' Consumer Price Index.
No direct quote available in the text.
Author's summary: Social Security benefits will increase by 2.8% in 2026.
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