Social Security payments to go up 2.8% next year while polls show three-fourths of seniors think 3% isn’t enough to keep up with rising prices

 The Social Security Administration’s annual cost-of-living adjustment will go up by 2.8% in 2026, translating to an average increase of more than $56 for retirees every month, agency officials said Friday.

The benefits increase for nearly 71 million Social Security recipients will go into effect beginning in January. And increased payments to nearly 7.5 million people receiving Supplemental Security Income will begin on Dec. 31.

Friday’s announcement was meant to be made last...