Social Security benefits are likely to lose purchasing power next year despite a historic cost-of-living adjustment (COLA).

For seniors on Social Security, there’s perhaps no more important an announcement each year than a COLA (cost-of-living adjustment) announcement. This year’s COLA announcement was actually delayed due to the government shutdown.

Here’s a look at four major Social Security changes to be aware of in 2026. Each year, Social Security benefits are subject to an annual cost-of-living adjustment based on inflation rates to ensure that monthly payments keep pace with rising costs. In October, the SSA announced that beneficiaries will see a 2.8% increase for 2026.

Here are the exact payment dates for Social Security and SSI in January 2026, plus details on the new 2.8% COLA increase.

Social Security rules have some changes in store for 2026, such as tax rules and cost-of-living adjustments. Here's what retirees need to know.

New year brings changes to Social Security benefits. A 2.8% Cost-of-Living Adjustment will increase monthly payments for millions. This adjustment may impact eligibility for other aid programs like Medicaid and SNAP.

For most retirees, Social Security is their most reliable income source. After all, there’s a guaranteed amount of money coming each month once you claim Social Security, and those benefits increase over time when prices rise due to inflation.