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The Social Security cost-of-living adjustment will be 2.8% in 2026, the Social Security Administration said on Friday.
Social Security retirement benefits will increase by about $56 per month on average starting in January, according to the agency.
The COLA provides an annual adjustment to both Social Security and Supplemental Security Income to help ensure those benefits keep up with inflation.
The Social Security cost-of-living adjustment for 2026 is in line with expert estimates that had projected a 2.7% to 2.8% boost to benefits.
Over the last 20 years, the Social Security COLA has averaged 2.6%, according to The Senior Citizens League, a nonpartisan senior group.
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