The nation’s 75 million Social Security recipients will receive a 2.8% cost of living adjustment (COLA) increase in their benefits in 2026, up slightly from this year’s 2.5% increase, reflecting the upward creep in inflation, the Social Security Administration announced today.
Meanwhile, the maximum amount of a worker’s earnings subject to Social Security tax (also known as the wage base) will increase by a heftier 4.8%, or $8,400 to $184,500, from $176,100 in 2025. That adjustment, which means higher taxes for about 6% of earners, is based on changes in the national average wage index, not the Consumer Price Index for Urban Wage Earners and…
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