The Social Security Administration has announced a 2.8% cost-of-living adjustment (COLA) for 2026. Starting in January, more than 70 million Americans receiving benefits will see a modest increase — roughly $56 more per month for the average retiree.
While this year’s bump is smaller than recent increases, it still helps offset rising costs for essentials like groceries, utilities, and healthcare. Keep in mind that higher Medicare Part B premiums may reduce some of the increase for those having premiums deducted directly from their checks.
Now is a great time to review your 2026 budget and confirm your “My Social Security” account information to ensure smooth payments. If you’d like help updating your retirement income plan with the new benefit amount, please reach out — we’re happy to assist.
