Retirees are likely to see an increase in their Social Security checks in 2026 due to a cost-of-living adjustment. The adjustment is crucial to prevent seniors from losing buying power. Those with retirement benefits above $2,008.31 per month will receive an above-average raise. The adjustment is estimated to be 2.7% in 2026, with the official announcement expected in mid-October. However, a government shutdown may cause delays. The adjustment is based on changes in the Consumer Price Index to combat inflation. Seniors should stay informed for accurate updates on their benefits.

Source: Nasdaq

Read more at Nasdaq: If Your Social Security Check Is Higher Than This, Expect an Above-Average 2026 Cost-of-Living Adjustment (COLA)