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Investing.com -- Social Security benefits and Supplemental Security Income (SSI) payments will increase by 2.8 percent in 2026, affecting approximately 75 million Americans.
The cost-of-living adjustment (COLA) will boost retirement benefits by about $56 per month starting in January. This increase follows a 2.5 percent adjustment in 2025 and falls slightly below the decade average of 3.1 percent.
Nearly 71 million Social Security beneficiaries will receive the 2.8 percent increase beginning in January 2026, while approximately 7.5 million SSI recipients will see their increased payments starting December 31, 2025. Some individuals receive both types of benefits.
"Social Security is a promise kept, and the annual cost-of-living adjustment is one way we are working to make sure benefits reflect today’s economic realities and continue to provide a foundation of security," said Social Security Administration Commissioner Frank J. Bisignano.
The adjustment also affects other Social Security parameters. The maximum amount of earnings subject to Social Security tax will rise to $184,500 from $176,100.
The Social Security Administration will notify recipients about their new benefit amounts by mail starting in early December.
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