Social Security spousal benefits 2026: Social Security update: Will your spousal benefits get a pay boost in 2026? Here’s who actually gets a raise
What does the 2026 COLA mean for Social Security recipients?
Much of the attention has focused on how this affects retirees, but those collecting spousal benefits will also see their payments increase next year, even if it’s a modest increase, according to The Motley Fool report.
Since the COLA is a percentage-based adjustment, the exact dollar amount varies depending on what you’re currently buying, according to the report. The typical Social Security retirement benefit will rise from about $2,015 to $2,071 per month, an increase of $56, according to The Motley Fool report.
ALSO READ: 4 little-known Social Security rules that could save you thousands more
Spousal benefits are also increasing, but modestly
Meanwhile, spousal benefits, which are half a retired employee’s full salary, will increase on average from $955 to $982, or roughly $27 more each month, according to The Motley Fool report.
This increase may not seem like much, but it can help couples cover their daily expenses as prices continue to rise. The Social Security Administration will send personalized COLA notices in December detailing each beneficiary’s new payment amount for 2026, The Motley Fool reports. ALSO READ: The Fed just cut rates – here’s what it means for your bank balance, loans and credit cards
What should you do if your COLA increase doesn’t cover your expenses?
It’s a good idea to revisit your household budget after you find out your updated benefit. Some may think the COLA increase isn’t enough to keep up with rising costs, according to the report. In this case, experts recommend looking closely at expenses, tapping into savings if necessary, or exploring options like part-time work or other government benefits like Medicaid or Supplemental Security Income (SSI), according to The Motley Fool report.
When will you receive your 2026 Social Security payment?
Depending on their date of birth, beneficiaries can expect their first payment, including the 2026 COLA, to arrive in January. And when this deposit is reflected in your account or debit card, it is useful to check the amount again; Mistakes are rare, but catching them early can save you time and stress later, according to The Motley Fool report.
FAQ
When will the 2026 COLA come into force?
Valid for December 2025 payments due in January 2026.
How much is the 2026 COLA increase?
The cost of living adjustment is 2.8% for 2026.
