Social Security recipients will obtain a 2.8% increase in their month-to-month benefits in 2026, the Social Security Administration introduced Friday. However, many seniors say the annual changes haven’t been sufficient to cowl their ever-rising bills.
The improve for 2026 is bigger than the 2.5% cost-of-living-adjustment that beneficiaries obtained for this yr, however far smaller than those for the few years earlier than that, when inflation was working rampant.
The annual adjustment, often known as a COLA, is predicated on an inflation metric from the third quarter of the yr. Inflation has moderated after being at round a four-decade excessive in 2022.
The improve was scheduled to be introduced final week however was delayed by the federal authorities shutdown.
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