(LOOTPRESS) – Social Security and Supplemental Security Income (SSI) payments are set to rise by 2.8% in 2026, providing a boost to nearly 75 million Americans. The increase, based on the annual cost-of-living adjustment (COLA), will take effect in January 2026 for most recipients.

On average, Social Security retirement benefits will increase by about $56 per month starting in January. Nearly 71 million Social Security beneficiaries will see the 2.8% COLA reflected in their payments, while 7.5 million SSI recipients will begin receiving higher payments on December 31, 2025. (Some individuals receive both Social Security and SSI.)

“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

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