Social Security recipients get a 2.8% cost-of-living boost in 2026, average of $56 per month

WASHINGTON — The Social Security cost-of-living increase will go up by 2.8% in 2026, which translates to an average increase of more than $56 for retirees every month, agency officials said Friday.

What You Need To Know

The Social Security cost-of-living increase will go up by 2.8% in 2026, which translates to an average increase of more than $56 for retirees every month

Agency officials made the announcement Friday

The benefits increase will go into effect for Social Security recipients beginning in January

Friday’s announcement was meant to be made last week but was delayed because of the federal government shutdown

The benefits increase will go into effect for Social Security recipients beginning in January. Friday’s announcement was meant to be made last week but was delayed