Social Security Benefits to Increase by 2.8% in 2026

The Social Security Administration announced a 2.8% increase in benefit payments for 71 million recipients in 2026.

The average monthly benefit for retired workers will rise to $2,064 from $2,008, starting in January, an increase of about $56.

Average monthly benefits for retired workers will increase by 2.8%.
Supplemental Security Income beneficiaries will also see a 2.8% cost-of-living adjustment.
The maximum amount of earnings subject to the Social Security tax will increase to $184,500 from $176,100.

No specific quote available in the text.

Residents will receive either or both increased payments, depending on their eligibility.

Author's summary: Social Security benefits will increase by 2.8% in 2026.

PLANADVISER — 2025-10-24