The Social Security Administration's COLA, or cost-of-living adjustment, will be 2.8% in 2026, the agency said on Friday, with Social Security retirement benefits set to increase by about $56 per month on average starting in January. CNBC's Sharon Epperson explains what the change means for retirees. Read the full story: cnb.cx/4oEp1Qb Sign up for the Money 101 newsletter for more personal finance updates: cnb.cx/3HU95t9 | CNBC

4 comments | Social Security spousal benefits require only 1 year of marriage. Divorced spouses must have been married for 10 years and YOU can't have remarried (but your ex-spouse can be remarried). Both types of spousal benefits allow UP TO 50% of the spouse's amount. You are font get more by being divorced or married. . . . #socialsecuritydivorcedspousebenefit #spousalsocialsecurity #spousalbenefits #divorcedwomenover60 | Sylvia Gordon | Facebook