The Social Security Administration (SSA) announced that Social Security benefits will increase by 2.8% in 2026, affecting 75 million Americans who receive Old-Age, Survivors, and Disability Insurance (OASDI), and Supplemental Security Income (SSI) payments.
On average, Social Security retirement benefits will increase by about $56 per month starting in January 2026, providing a modest cost of living adjustment for seniors and other recipients.
A 2.8% cost of living increase will be applied to the benefits as of January 2026.
This increase will impact nearly 75 million Americans, offering a slight rise in their benefits, including Old-Age, Survivors, and Disability Insurance, and Supplemental Security Income (SSI).
Author's summary: Social Security benefits to rise 2.8% in 2026.