Here’s How Much More MA Social Security Recipients Will Make With 2026 COLA

MASSACHUSETTS — Massachusetts Social Security recipients get a 2.8 percent cost-of-living adjustment in 2026, according to an announcement Friday by agency officials.

The COLA will average $56 a month for the nation’s 70 million retirees and disabled beneficiaries, including 1.3 million people in Massachusetts.

The COLA is financed by payroll taxes collected from workers and their employers. An annual salary cap, slated to increase to $184,500 in 2026, from $176,100 in 2025, limits what higher-income earners contribute.

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Recipients received a 2.5 percent cost-of-living boost in 2025, and a 3.2 percent increase in their benefits in 2024, after a historically large 8.7 percent benefit increase in 2023, brought on by record 40-year-high inflation.

The COLA was to have been announced earlier this month, but was delayed due to the government shutdown. The September Consumer Price Index report is used to set the annual cost-of-living raise, and that was delayed because some Labor Department employees were furloughed.

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The Trump administration called some of those workers back to produce the September inflation report. Consumer prices increased 3 percent last month from a year earlier, up from 2.9 percent in August, as the costs of some imported goods rose while rental prices cooled.

It’s a smaller increase than many economists had forecast, and will likely encourage the Federal Reserve to cut its key interest rate when it meets next week.

Excluding the volatile food and energy categories, core prices also rose 3 percent, a decline from 3.1 percent in the previous month. Both figures are above the Federal Reserve’s 2 percent target.

The Associated Press contributed reporting.