Social Security checks rise 2.8%, but many say it’s not enough
Scripps News · Current
Scripps News
Current
Starting in January, millions of Social Security recipients get a 2.8% cost-of-living adjustment, boosting retired workers’ checks to an average of $2,071. But surveys show over half say rising expenses, especially healthcare and Medicare costs, erode much of the gain. Many are returning to work or reconsidering retirement, underscoring flaws in the COLA calculation.
Breakdown
- Social Security checks will rise 2.8% to $2,071 monthly in 2026 32s
- Over half of recipients say the COLA increase is not enough 50s
- Experts say COLA formula does not reflect retirees' higher health costs 56s
- 54% of retirees have returned to or considered work due to insufficient benefits 2m 5s
- Experts stress Social Security should supplement, not replace, retirement income 2m 27s