Social Security recipients will see monthly payments rise by 2.8 percent starting in January 2026, the Social Security Administration announced. Retired workers will receive an average increase of $56, bringing their monthly benefit to $2,071, though advocates say the adjustment falls short of covering the costs of older Americans.
Medicare Part B premiums will exceed $206 next year, reducing much of the cost-of-living adjustment for many beneficiaries. Nancy Altman from Social Security Works said some recipients will lose their entire raise to the premium hike, leaving them with no additional income despite the percentage increase.
Sam Ciraulo, who receives about $1,400 monthly, said the adjustment barely helps with electricity...