‘Meager’ 2.8% Social Security boost for 2026 sparks outcry

Business

The Social Security Administration’s Friday announcement of a 2.8% bump in benefits next year was immediately blasted by critics — who called the increase inadequate to keep up with soaring costs of food, housing and health care. The SSA said the adjustment, known as the cost-of-living adjustment, or COLA, will raise average monthly payments to Social Security recipients by about $56 starting in January. The hike applies to retirement, disability and supplemental income checks for roughly 71