In 2026, Social Security sees a 2.8% cost-of-living increase, raising average benefits to $2,071 monthly, with a net $38 gain after Medicare Part B premium rise. The payroll tax wage base increased to $184,500. Full retirement age is 66 years 10 months for those born in 1959 and 67 for 1960 and later. Work credit earnings rose to $1,890. The repeal of certain provisions restored full benefits to 3.2 million public workers. The trust fund is projected to be depleted by 2033, potentially cutting benefits by 23% without action.
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