Benefits for nearly 71 million people will increase by 2.8% starting in January 2026 due to the Cost-of-Living Adjustment (COLA).
Ida May Fuller , a legal secretary from Vermont, became the first person to receive a monthly retirement check on January 31, 1940. Her check was for $22.54 . SOCIAL SECURITY
While benefits are going up, Medicare Part B premiums are also expected to rise by 9.7% (to roughly $202.90/month), which may swallow about 32% of the average retiree's COLA raise. 💡 Debunking Common Myths Historical Background and Development of Social Security Benefits for nearly 71 million people will increase by 2