Social Security beneficiaries are set to receive a 2.8% raise in 2026, marking a historic event for recipients. The average monthly payout for retired workers will increase by $56 to $2,071, with workers in five states seeing even higher raises. States like Connecticut, New Jersey, and New Hampshire will see their average benefits rise above the national average due to their earnings history. This increase is crucial as Social Security serves as a financial lifeline for millions of retirees, pulling many above the poverty line. Recipients eagerly await the annual cost-of-living adjustment to help make ends meet.

Read more at Nasdaq: Retirees in These 5 States Will Receive the Biggest Social Security Raise in 2026