4 Big Social Security Changes Are Coming in 2026. Are You Ready?

Key Changes to Social Security in 2026 - Social Security benefits are set to increase by 2.8% in 2026 due to the annual cost of living adjustment (COLA), which is higher than the 2.5% increase in 2025. This adjustment aims to help retirees cope with rising costs, although it may not fully offset inflation due to the calculation formula used [3][4]. - The full retirement age (FRA) for claiming benefits will change, moving from 66 years and 10 months to 67 years for individuals turning 66 in 2026 or later. This adjustment is part of a gradual increase based on birth year, stemming from reform legislation aimed at stabilizing Social Security's finances [5][6]. - The Social Security wage base limit will increase to $184,500 from $176,100, impacting the amount of income subject to Social Security taxes [7].