10/28/2025

Social Security Benefits See 2.8 Percent Bump for 2026

The increase was announced on Oct. 24

The Social Security Administration (SSA) on Friday announced a 2.8 percent cost-of-living adjustment for 2026, raising monthly payments for nearly 71 million beneficiaries beginning early next year.

The bump will see the average Social Security retirement benefit rise by about $56 per month, according to the SSA.

The increase marks a slight bump from last year's 2.5 percent adjustment, reflecting a modest rise in inflation. The U.S. Bureau of Labor Statistics (BLS) reported Friday that the Consumer Price Index (CPI)— a key measure of U.S. inflation — climbed 3 percent over the past year through September. Thus, this increase won't offset current inflation rates.

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