The Social Security Administration on Friday announced a 2.8% cost-of-living adjustment for 2026, an increase that will automatically boost monthly payments for the program's roughly 71 million beneficiaries starting early next year.

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

On Thursday, Oct. 23, the Food and Drug Administration (FDA) issued a recall over thousands of Coca-Cola products due to contaminants.