Social Security beneficiaries will see a 2.8 percent increase in their retirement benefits in 2026, slightly higher than the 2.5 percent cost-of-living adjustment provided this year, the Social Security Administration announced on Friday.
Monthly benefits will increase by roughly $56 beginning in January, the agency said, in an effort to keep pace with inflation.
The Bureau of Labor Statistics reported on Friday that inflation, as measured by the consumer price index, rose 3 percent over the past 12 months, with a 0.3 percent bump in the month of September. The annual rate remained at 3 percent even after stripping out volatile food and energy prices, the bureau said.
