Good news may be coming to Social Security beneficiaries.<\/p>\n
Social Security recipients may see their benefits increase by $200 thanks to a new proposal put forth by a group of Democratic Senators.<\/p>\n
The proposal, coined the Social Security Emergency Inflation Relief Act<\/a>, would bump benefit amounts starting in January 2026 and run through July 2026.<\/p>\n According to Sen. Elizabeth Warren, D-Mass., the increase is designed to offset higher prices caused by inflation.<\/p>\n \u201cThe cost of everything from coffee to beef to health care is up, in large part due to Trump\u2019s chaotic tariffs,\u201d Warren said in a statement<\/a>. \u201cThis new legislation to expand Social Security is an emergency lifeline for seniors struggling to afford Trump\u2019s tariffs and rising inflation.\u201d<\/p>\n If approved, the $200 increase would be paid to Supplemental Security Income recipients, railroad retirement, disabled veterans and those receiving veterans\u2019 pensions.<\/p>\n The increase would be in addition to the 2.8% Cost of Living increase beginning in January 2026.<\/p>\n Backing the bill are Democratic senators: Mark Kelly of Arizona, Alex Padilla of California, Tammy Duckworth of Illinois, Angela Alsobrooks and Chris Van Hollen of Maryland, Elizabeth Warren of Massachusetts, Tina Smith of Minnesota, Kirsten Gillibrand and Chuck Schumer of New York, Ron Wyden of Oregon and Peter Welch of Vermont.<\/p>\n COLA 2026<\/p>\n Every year the Social Security Administration<\/a> calculates how inflation affects the cost of living and then adjusts benefits for nearly 71 million Americans<\/a> depending on those benefits to survive.<\/p>\n In 2026, the increase is 2.8%.<\/p>\n \u201cOn average, Social Security retirement benefits will increase by about $56 per month starting in January,\u201d the agency announced<\/a>.<\/p>\n COLA increases are determined by the percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W)<\/a> from July to September of the calendar year.<\/p>\n More Business News<\/p>\n Read the original article on MassLive<\/a>. Add MassLive<\/a> as a Preferred Source by clicking here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Good news may be coming to Social Security beneficiaries. Social Security recipients may see their benefits increase by…\n","protected":false},"author":2,"featured_media":179766,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[177],"tags":[79,101610,101551,101609,18,19,17,234,235,79605,101608,1078,20525],"class_list":{"0":"post-179765","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-chris-van-hollen","10":"tag-cost-of-living-increase","11":"tag-democratic-senators","12":"tag-eire","13":"tag-ie","14":"tag-ireland","15":"tag-personal-finance","16":"tag-personalfinance","17":"tag-retirement-benefits","18":"tag-sen-elizabeth-warren","19":"tag-social-security","20":"tag-supplemental-security-income"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115546372370833666","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/179765","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=179765"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/179765\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/179766"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=179765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=179765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=179765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}