By now, you’ve probably heard the news. Social Security payments are increasing next year.
While the 2.8% Social Security cost-of-living adjustment (COLA) will give retirees a much-needed benefits boost, it still falls far short of what seniors need.
According to an article by The Motley Fool, the average monthly benefit for retirees will be $1,976 in 2026 – that’s an increase of about $50 per month. Millions of seniors relying solely on Social Security will continue to struggle financially and need to budget as best they can.
The Social Security Administration (SSA) will start notifying recipients in late November of their 2026 benefit amount. If you want to know exactly how much you will receive, then make sure you have a my Social Security account. November 19th is the deadline to create one. Otherwise, you will need to wait until December when the SSA begins alerting recipients by mail of their 2026 benefit amount.
Give Retirees the Money They Earned
Retirees should not have to struggle financially because the Social Security cost-of-living adjustment (COLA) can’t keep up with inflation. The Council of Seniors is working tirelessly to get Congress to pass The SAVE Benefits Act. This crucial bill will put $581 back in seniors’ pockets to make up for COLAs that were far too low for years.
We are dedicated to giving that money back to those who are rightfully entitled to it. Please show your support and sign our petition today.