2026 Social Security Cost-of-Living Adjustment Revealed
Millions of Social Security beneficiaries will receive a 2.8% cost-of-living adjustment (COLA) in their monthly benefits in 2026. This increase was announced by the Social Security Administration on a recent Friday after a slight delay due to the ongoing government shutdown.
Details of the 2026 Social Security Cost-of-Living Adjustment
The COLA adjustment is tied to changes in the consumer price index, which the Bureau of Labor Statistics uses to assess inflation. Recent data indicates that prices rose by 3% in September compared to the previous year, a slight increase from the 2.9% rise observed in August.
Key Facts
- Adjustment Percentage: 2.8% increase
- Beneficiaries Affected: Millions of Social Security recipients
- Announcement Delay: Approximately one week due to government shutdown
- Year-on-Year Price Increase: 3% in September
- Previous Month’s Increase: 2.9% in August
This COLA adjustment signifies the government’s effort to keep up with inflation and support those relying on Social Security income. The increase will take effect starting in 2026, assisting beneficiaries in managing their monthly expenses effectively.
