Social Safety Administration Commissioner Frank Bisignano particulars efforts to fight waste, fraud and abuse on ‘The Bottom Line.’
The annual inflation adjustment for Social Safety advantages was launched on Friday and beneficiaries are set to see bigger advantages in 2026.
Social Safety’s annual cost-of-living adjustment (COLA) might be 2.8% subsequent 12 months, following the announcement by the Social Safety Administration. On common, Social Safety retirement advantages will enhance by about $56 per 30 days beginning in January.
The annual COLA has averaged about 3.1% during the last decade, and was 2.5% in 2025. Inflation trending greater this 12 months induced the COLA to be bigger.
“Social Security is a promise kept, and the annual cost-of-living adjustment is one way we are working to make sure benefits reflect today’s economic realities and continue to provide a foundation of security,” mentioned SSA Commissioner Frank Bisignano. “The cost-of-living adjustment is a vital part of how Social Security delivers on its mission.”
The COLA was initially anticipated to be launched on Oct. 15. Nonetheless, the Bureau of Labor Statistics was impacted by the federal government shutdown, which delayed the discharge of September CPI inflation knowledge that is used to compute Social Safety’s COLA.
The BLS recalled a few of its furloughed staff to finish the September CPI knowledge, which was additionally launched on Friday, to permit the COLA announcement to proceed.
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