According to Decree 162/2026/ND-CP, from July 1, 2026, the pension level, social insurance allowance and monthly allowance will be adjusted to increase by an additional 8% on the benefit level of June 2026 for groups subject to application.
This information is bringing joy and expectations to many elderly people, especially in the context of increasing living costs in urban areas.
Both herself and her elderly mother are receiving pensions, Ms. Tran Thi Loan (66 years old, Tay Ho ward, Hanoi) received the salary increase information with clear excitement. According to her, this adjustment will help her family reduce some of the daily spending pressure, especially the expenses for healthcare.
“Nowadays everything is more expensive, especially medicine costs. Meanwhile, I am old and have many diseases, so healthcare costs have also increased. If pensions are adjusted to increase, the lives of the elderly like us will also be somewhat better,” Ms. Loan shared.
Sharing the same joy, Ms. Le Thi Minh Nham (Tay Ho ward, Hanoi) shared that the elderly always look forward to every time the State adjusts policies related to pensions and allowances. Because from the reality of life, Ms. Nham realizes that for people with low pensions, the amount of money received each month is difficult to meet the cost of medicine and illness, especially when they are seriously ill.
I have been retiring for about 20 years and have also undergone many pension adjustments. Each adjustment is a joy because we have more income when we are no longer able to work. If the increase is high, low-wage people like us will have less difficulty," Ms. Nham expressed.
Meanwhile, Ms. Dao Thi Dan (90 years old, Tay Ho ward, Hanoi) said that increasing pensions not only helps the elderly have more spending but also reduces the burden on their children.
“My children and grandchildren at home are always filial and take care of them thoughtfully, so my husband and I didn't have to worry about anything. But when we heard the news of the pension increase, we were still very excited. With this additional self-sufficient income, we elderly people can both comfortably spend on personal expenses and feel happy because we can help and share some of the hardship for our children,” Ms. Dan said.
From an economic perspective, Mr. Nguyen Quang Huy - CEO of the Faculty of Finance - Banking (Nguyen Trai University) - said that besides the essential daily eating and living needs, the healthcare group always accounts for a large proportion in the spending structure of the elderly.
Therefore, pension adjustments not only contribute to improving income but also play an important role in helping the elderly be more proactive in daily life and improve the actual quality of life.
Experts also emphasized that the adjustment to increase pensions is a positive sign, but should not create subjective psychology in spending, especially in the context of market prices still fluctuating. Accordingly, the elderly need to build clear spending habits, prioritize essential items, and at the same time, limit the use of consumer credit to avoid debt repayment pressure in the future.
