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Social Security Changes in 2026: Cost-of-Living Adjustment & Full Retirement Age Increase

In 2026, Social Security recipients can anticipate a modest cost-of-living adjustment of 2.8%, equating to approximately $56 more per month. However, this increase may be offset by rising Medicare premiums. The full retirement age will also rise to 67 for those born in 1960 or later. Moreover, the number of work credits required to qualify for Social Security payments will increase, and the wage cap for Social Security taxes will rise to $184,500, affecting part-time workers and caregivers.

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