The Social Security Administration (SSA) has announced that the 2026 benefits will increase 2.8% thanks to the cost of living adjustment (COLA). This adjustment helps retirees keep their purchasing power having in mind the inflation, this means that they can buy the same no matter if prices are higher.
The increment is higher than expected, it was thought the benefits would be 2.1% higher, but the recent inflation made it to 2.8%. With this increment retirees will receive more money every month to cover their expenses and better plan their budget. So, let’s see what you have to do.
COLA
COLA’s aim is to help Social Security benefits don’t lose value against the higher prices because Social Security is the main source of income for many retirees. In September 2025 the monthly average benefit was $1,922, but with this new increment it will be about $1,976 per month next year.
More than 68 millions of Americans receive Social Security benefits every month:
- More than 30% of their income depends on Social Security.
- About 12% of men and 15% of women older than 65 depend on these payments for 90% or more of their income.
This shows that Social Security is essential for financial stability among retirees, so knowing the new payments and planning ahead is very important.
Information about the 2026 benefits
To be up-to-date with the new payments and make the most of the increment, the SSA recommends retirees to create a ‘’My Social Security’’ account before November 19 of 2025. What will allow them to have this account? Let’s see it:
- You can see your benefit estimates, update your address, and request replacement cards securely.
- You’ll be able to manage your personal information online anytime.
- It helps you plan your budget early, knowing exactly how much money you’ll get in 2026.
If you don’t have this account, you will receive this information by mail at the beginning of December. However, with the online account you can access before and organize your finances ahead.
Before November 19
Signing up on ‘’My Social Security’’ before this date is crucial because you can:
- Plan your expenses and adjust your budget before the new year begins: Knowing how much money you’ll receive helps you organize your finances better, decide what to spend on, how much to save, and how to cover your basic needs with more peace of mind.
- Maintain financial stability as prices continue to rise: With the cost of living changing all the time, having your benefit details early helps you prepare and avoid surprises.
- Manage your personal information and payments safely and easily: You can check your benefits, update your address, or request official documents—all from home.
Basically, creating this account is a very simple step to easy money management, mostly for those who mainly depend on Social Security.
So…
The 2.8% Social Security increase for 2026 shows how important this program is for helping retirees stay financially stable. This raise will help millions of Americans handle rising prices and pay for their everyday needs.
Social Security remains one of the most important programs for retirees. Acting now ensures peace of mind and financial stability in the coming year. By preparing early for the 2026 increase, you’ll be ready to face new expenses with confidence and security.
It is important to keep these economic aids so that people can face any difficult situation and deal with higher prices. So, the fact that the 2026 benefits are increasing it is great news, don’t you think so? Stay tuned to the SSA official website to know every change or information.