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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Social Security 2026 COLA of 2.8% to Boost Average Monthly Income by $56 Amid Rising Inflation

Social Security Inflation Social Security Administration SSA Government Shutdown
Social Security COLA for 2025 was 2.5%. (Credit: Shutterbug75/Pixabay.com)

The Social Security Administration (SSA) announced a 2.8% cost-of-living adjustment benefit for 2026. The agency estimated that the adjustment will boost average monthly income for beneficiaries by around $56 (£41.9), starting in January 2026. Note that the 7.5 million Supplemental Security Income (SSI) recipients will receive larger cheques starting on 31st December 2025.

The 2026 COLA is higher than the 2.5% benefit increase in 2025, but lower than 3.2% in 2024, 8.7% in 2023, and 5.9% in 2022.

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International Business Times UK
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