Social Security sets its 2026 COLA increase at 2.8%. Here’s what that means for your benefits.
The Social Security Administration on Friday announced a 2.8% cost-of-living adjustment for 2026, an increase that will automatically boost monthly payments for the program’s roughly 71 million beneficiaries starting early next year. The increase represents an uptick from the last year’s cost-of-living adjustment, or COLA, which set the 2025 increase at 2.5%. Inflation has edged higher … Read more