The Social Security Administration revealed on Friday that beneficiaries will see their monthly payments grow by 2.8% in 2026, marking a modest increase that will add about $56 to the average retirement check starting in January, according to CNBC News . This annual cost-of-living adjustment affects roughly 75 million Americans who receive Social Security and Supplemental Security Income benefits.

The increase is designed to help these payments keep pace with inflation , though many recipients worry it won't be enough to cover their rising expenses. The 2026 adjustment is slightly higher than the 2.5% boost beneficiaries received this year, but remains close to the historical average. CNBC News notes that over the past two decades, the cost-of-living adjustment has averaged

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