Recent forecasts concerning Social Security's 2026 COLA suggest the average retiree will receive an additional $48 to $54 per month in benefits next year.

Estimates for Social Security’s Cost of Living Adjustment – the automatic raise beneficiaries typically receive at the start of the new year – continues to tick upwards.

Social Security's cost-of-living adjustment could rise 2.7%. But Medicare Part B premiums are set to rise even more, eating most of the COLA.