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Social Security Beneficiaries to Receive 2.8% COLA Raise in 2026
13 Nov
Summary
- 2.8% cost-of-living adjustment (COLA) for Social Security in 2026
- Higher earnings limits for retirees working in 2026
- Maximum Social Security benefit to increase to $5,251 per month in 2026
According to a recent announcement from the Social Security Administration, beneficiaries can look forward to a 2.8% cost-of-living adjustment (COLA) in January 2026. This increase, which is higher than the initial 2.7% projection, will result in an average monthly boost of $56 for retired workers.
In addition to the COLA hike, there are other positive changes coming in 2026 for retirees and those nearing retirement age. The earnings limits for those working while receiving Social Security benefits will be raised, allowing them to keep more of their benefits if their income exceeds the previous thresholds.
Furthermore, the maximum monthly Social Security benefit will increase from $5,108 in 2025 to $5,251 in 2026. To achieve this highest possible payout, individuals must meet specific requirements, such as delaying their retirement and maximizing their earnings over their careers.
These adjustments to Social Security benefits and rules are designed to provide more financial security and flexibility for retirees in the coming year.
