Social Security benefits are a critical source of income for many people. Unfortunately, some of the individuals who are reliant on benefits may soon find themselves facing one of the biggest benefit cuts in history.

Social Security benefits will see a modest cost-of-living adjustment in 2026, but experts say seniors may still struggle financially.

The maximum taxable earnings are the amounts of income subject to Social Security payroll taxes in a given year. In 2025, it's $176,100. This will rise to $184,500 in 2026. This is often the step that bars people from taking home the max benefit. The average person simply doesn't make enough to do this.

The story behind the surprisingly catchy hold music at Social Security that millions have heard – and plenty even love.