In August 2025, the average Social Security benefit for retired workers has risen, giving crucial support to millions. Looking ahead, the 2026 Cost‑of‑Living Adjustment (COLA) offers modest increases—but also new challenges.
This article unpacks the latest figures, key changes, and what retirees need to know now and next year.
August 2025 Social Security Averages – At a Glance
| Beneficiary Type | Average Monthly Payment (August 2025) |
|---|---|
| Retired worker (average) | $1,976 |
| Disabled (SSDI) | $1,537 |
| Couples (both receiving benefits) | Over $3,100 |
| Maximum eligible retirees | Up to $5,108 |
| SSI (Supplemental Security Income) – individual | $967 max |
Details & Context
- The average retired worker now receives $1,976 monthly in August 2025 thanks to the 2.5% COLA increase that took effect in January 2025.
- Individuals receiving disability benefits (SSDI) collect around $1,537.
- Retirement couples average just over $3,100 per month.
- A small group of high‑earners who delayed filing and maximized earnings may receive up to $5,108
- SSI recipients can receive up to $967 per person, with couples and state supplements raising it further
What’s Coming in 2026
- Estimated 2026 COLA: Projected to be between 2.6% and 2.7%, based on forecasts by The Senior Citizens League and SSA trustees .
- Projected impact on benefits:
- Retiree average: from
$1,980.86 → **$2,032.36** (+$51.50).
- Retiree average: from
- Offset risk: Rising Medicare Part B premiums, expected to hit $206.50 in 2026 (up from $185 in 2025), could absorb or exceed these COLA gains—especially for lower-income recipients.
- Indexing debates: Legislation proposes using the CPI‑E (reflecting actual senior spending patterns) instead of CPI‑W for COLA calculations—a shift that could yield higher adjustments.
- Policy changes: Starting December 2026, proposals exist to reduce COLA amounts via policy shifts like chained CPI or standard reductions .
In August 2025, the average retired worker collects $1,976, boosted by an early-year COLA.
While 2026 promises a further increase (~2.6–2.7%), the simultaneous rise in Medicare premiums may erode these gains—highlighting the importance of smart retirement planning and awareness of evolving SSA policies.
FAQs
What’s the average Social Security payment in August 2025?
For retired workers, it’s $1,976/month.
Will 2026 benefits increase significantly?
They’re projected to rise by 2.6–2.7%, adding around $50/month for retirees.
Could rising Medicare costs cancel out the COLA bump?
Yes—since Medicare Part B premiums are expected to increase, they may fully offset COLA gains for some.