After a delay related to the government shutdown, the Social Security Administration announced that Social Security benefits and Supplemental Security Income payments will increase by 2.8% in 2026.
Social Security benefits vary dramatically based on when you start collecting. Average monthly payments range from $1,298 at age 62 to over $2,021 for those who wait until 70-74.
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Social Security payment amounts are determined by several factors, including age of retirement or the amount paid into Social ...