{"id":142785,"date":"2025-10-24T13:17:08","date_gmt":"2025-10-24T13:17:08","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/142785\/"},"modified":"2025-10-24T13:17:08","modified_gmt":"2025-10-24T13:17:08","slug":"social-security-2-8-cola-2026-benefit-increase-explained","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/142785\/","title":{"rendered":"Social Security 2.8% COLA 2026 benefit increase explained"},"content":{"rendered":"<p>Jasondoiy | E+ | Getty Images<\/p>\n<p>The Social Security <a href=\"https:\/\/www.cnbc.com\/2025\/10\/23\/social-security-cola-for-2026-some-retirees-wish-it-would-be-more.html\" rel=\"nofollow noopener\" target=\"_blank\">cost-of-living adjustment<\/a> will be 2.8% in 2026, the Social Security Administration said on Friday.<\/p>\n<p>Social Security retirement benefits will increase by <a href=\"https:\/\/blog.ssa.gov\/social-security-announces-benefit-increase-for-2026\/\" target=\"_blank\" rel=\"nofollow noopener\">about $56 per month<\/a> on average starting in January, according to the agency.<\/p>\n<p>The COLA provides an annual adjustment to both <a href=\"https:\/\/www.cnbc.com\/id\/10000899\" rel=\"nofollow noopener\" target=\"_blank\">Social Security<\/a> and Supplemental Security Income to help ensure those benefits keep up with <a href=\"https:\/\/www.cnbc.com\/2025\/10\/24\/cpi-inflation-september-2025.html\" rel=\"nofollow noopener\" target=\"_blank\">inflation<\/a>. About 75 million people receive benefit checks from those programs. But for beneficiaries who rely on those payments to cover essential expenses, the size of this year&#8217;s COLA might not ease their struggle with higher prices.<\/p>\n<p>The Social Security cost-of-living adjustment for 2026 is in line with expert estimates that had projected a 2.7% to 2.8% boost to benefits.<\/p>\n<p>Over the last 20 years, the Social Security COLA has averaged 2.6%, according to The Senior Citizens League, a nonpartisan senior group.<\/p>\n<p>The cost-of-living adjustment was 2.5% in 2025.<\/p>\n<p>&#8220;Social Security is a promise kept, and the annual cost-of-living adjustment is one way we are working to make sure benefits reflect today&#8217;s economic realities and continue to provide a foundation of security,&#8221; Social Security Administration Commissioner Frank J. Bisignano said in a statement.<\/p>\n<p><strong>This is a developing story. Please refresh for updates.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"Jasondoiy | E+ | Getty Images The Social Security cost-of-living adjustment will be 2.8% in 2026, the Social&hellip;\n","protected":false},"author":2,"featured_media":142786,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[177],"tags":[9,3055,5490,79,207,18,3955,19,185,17,145,69037,234,7809,7807,57146,69038,235,790,16177,7657,2895,1078,24757],"class_list":{"0":"post-142785","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-breaking-news","9":"tag-breaking-news-investing","10":"tag-breaking-news-politics","11":"tag-business","12":"tag-business-news","13":"tag-eire","14":"tag-health-care-costs","15":"tag-ie","16":"tag-inflation","17":"tag-ireland","18":"tag-medicare","19":"tag-personal-debt","20":"tag-personal-finance","21":"tag-personal-income","22":"tag-personal-saving","23":"tag-personal-spending","24":"tag-personal-taxes","25":"tag-personalfinance","26":"tag-politics","27":"tag-retiree-finances","28":"tag-retirees","29":"tag-retirement-planning","30":"tag-social-security","31":"tag-u-s-social-security-administration"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115429339482868140","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/142785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=142785"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/142785\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/142786"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=142785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=142785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=142785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}