Social Security Benefits Rise: A 2026 Adjustment

In 2026, over 75 million Americans on Social Security and SSI will observe a 2.8% increase in monthly payments, marking a notable cost-of-living adjustment. This change, spurred by a rise in the CPI, comes after a period of inflation moderation post-COVID-19. The adjustment results from the latest CPI data released during a government shutdown.

In a significant development for millions of Americans, the Social Security Administration announced a 2.8% increase in monthly payments for Social Security and Supplemental Security Income (SSI) beneficiaries in 2026. This adjustment marks the first time in three years that the cost-of-living increase has accelerated compared to the prior year.

The decision was made following the release of the September Consumer Price Index (CPI) data, which saw the CPI for Urban Wage Earners and Clerical Workers rising by 2.9%. The figures were delayed due to an ongoing federal government shutdown but were deemed crucial for determining benefits adjustments.

The Trump administration intervened amidst the shutdown to ensure the prompt release of the CPI data, highlighting the importance of the cost-of-living adjustment to millions of Americans relying on these benefits. This increase reflects the slight rise in inflation observed over this year, following a period of moderation post-pandemic.

(With inputs from agencies.)