Social Security sets 2026 COLA at 2.8%
Social Security recipients will receive a 2.8% cost-of-living adjustment in 2026, translating to an average increase of about $56 per month, according to a report published Oct. 24, 2025. The nationwide change directly affects beneficiaries in the Minneapolis–Saint Paul metro as monthly payments adjust in the new year.
📌 Key Facts
- 2026 COLA set at 2.8%.
- Average benefit increase about $56 per month.
- Announced/reported Oct. 24, 2025; applies to Twin Cities recipients in 2026.