The adjustment is intended to help retirees ease the strain caused by inflation.
The Social Security Administration (SSA) announced that benefits will rise by 2.8 percent in 2026 to reflect ongoing inflation. Beginning in January, recipients will see an average monthly increase of about $56. SSA Commissioner Frank Bisignano said the cost-of-living adjustment (COLA) ensures payments continue to match current economic conditions.
“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,” Commissioner Bisignano stated.
About 75 million Americans receive Social Security or Supplemental Security Income, and for roughly 40 percent of older adults, these benefits represent their main source of income. The 2026 increase aligns with independent projections and reflects a similar range to last year’s 2.5 percent COLA.
The announcement comes surrounded by broader economic uncertainty and a potential lapse in food assistance programs due to the federal shutdown.
As the Lord Leads, Pray with Us…
- For Commissioner Bisignano to be prudent as he oversees the Social Security Administration.
- For the president and members of his administration as they seek to improve the U.S. economy.
Sources: UPI News, Kiplinger
