New York Social Security Recipients Getting A Boost

The last year has been a pretty tough year for many people all over America. Not only have we had to deal with all sorts of uncertainty when it comes to the costs of goods, thanks to inflation, tariffs, and more, but we’ve also been living through the negative impacts of our federal government being shut down for nearly a month.

With the millions of people who are worried if they’ll be able to pay their bills or find their next meal, there is a little silver lining coming for some people across the Empire State, thanks to a recent announcement from the Social Security Administration.

While the cost of everything is going up, it seems that people who rely on some governmental benefits are going to get a little boost in 2026.

More Money Coming In Social Security Checks Next Year

The cost of living has been increasing significantly in the country since 2020. To help some of the most vulnerable people in the nation keep pace, the Social Security Administration is planning a Cost of Living Adjustment for people who receive Social Security and Supplemental Security Income (SSI) benefits.

Starting on December 31, 2025, more than 75 million Americans will get a nearly 3% bump in benefits in 2026. According to the SSA, a cost-of-living adjustment (COLA) of 2.8% will start appearing in deposits in January 2026.

Social Security is a promise kept, and the annual cost-of-living adjustment is one way we are working to make sure benefits reflect today’s economic realities and continue to provide a foundation of security… The cost-of-living adjustment is a vital part of how Social Security delivers on its mission.
-Frank J. Bisignano, Commissioner of the Social Security Administration

With this COLA increase, the Social Security Administration has also adjusted the maximum income level to which the Social Security tax applies.

The tax used to only apply to the first $176,100 you earn in a year; it will now apply to your first $184,500 of annual earnings.