Story perspectives

74 Million Americans to See Social Security Boost Amid Rising Costs

9/8/2025

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Summary

Story summary

Over 74 million Americans will receive Social Security benefits this week, based on birth dates.
The average monthly retirement check is about $2,006.69, with maximum benefits depending on retirement age.
A 2.7% Cost of Living Adjustment (COLA) is anticipated for 2026, potentially raising benefits by $54 for retirees.
Retirees have experienced a 20% decline in purchasing power from 2010 to 2024.
Rising Medicare Part B premiums may negate the benefits of the COLA increase for many.

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Story summary

Over 74 million Americans will receive Social Security benefits this week, based on birth dates.
The average monthly retirement check is about $2,006.69, with maximum benefits depending on retirement age.
A 2.7% Cost of Living Adjustment (COLA) is anticipated for 2026, potentially raising benefits by $54 for retirees.
Retirees have experienced a 20% decline in purchasing power from 2010 to 2024.
Rising Medicare Part B premiums may negate the benefits of the COLA increase for many.