2026 Social Security Benefits to Rise by 2.8%
The Social Security Administration has announced a 2.8% increase in benefit payments for 2026, affecting 71 million recipients.
The average monthly benefit for retired workers will increase by $56, from $2,008 to $2,064, starting in January. Additionally, 7.5 million Supplemental Security Income beneficiaries will receive a 2.8% cost-of-living adjustment.
- Average monthly benefit for retired workers: $2,064 (up from $2,008)
- Increase in average monthly benefits: $56
- Number of affected recipients: 71 million
- Number of Supplemental Security Income beneficiaries: 7.5 million
The maximum amount of earnings subject to the Social Security tax will also increase, to $184,500 from $176,100.
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Author's summary: Social Security benefits to increase by 2.8% in 2026.