Social Security benefits will increase 2.8 percent next year, one of the smallest cost-of-living adjustments in recent years, as inflation remains moderate despite a late-year uptick in prices.
The Social Security Administration said Friday the adjustment will raise the average monthly benefit for retired workers to about $2,071 from $2,015 this year—an increase of roughly $56 starting in January. The boost applies to nearly 71 million Americans receiving retirement and disability payments, while 7.5 million Supplemental Security Income beneficiaries will see their increase reflected on December 31.
The 2026 increase is slightly larger than…
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