Overview
- The Social Security Administration set the 2026 cost-of-living adjustment at 2.8%, adding about $56 to the average monthly retiree benefit from $2,008 to $2,064.
- About 70 million beneficiaries are affected, with new amounts reflected in January 2026 payments.
- An AARP survey reported 77% of Americans age 50 and over view the increase as inadequate, with 72% saying a 5% or larger boost is needed and 26% citing 8%.
- For Medicare enrollees, net gains may be reduced as reports indicate Part B premiums are rising by about 10%, which can be deducted from monthly checks.
- Northeastern states led by Connecticut, New Hampshire, Delaware, New Jersey, and Maryland are projected to see the largest dollar increases in monthly payments.