Social Security gets 3.6% cost-of-living adjustment for 2027
Social Security beneficiaries will receive a 3.6% cost-of-living adjustment in 2027, the Social Security Administration announced Wednesday, as rising prices strain older Americans’ finances.
TL;DR
- Social Security benefits to increase by 3.6% in 2027.
- Average monthly retirement benefits to rise by about $75.
- The increase applies to nearly 72 million Social Security beneficiaries starting January 2027.
- Approximately 7.3 million Supplemental Security Income recipients will see the adjustment starting December 31, 2026.
- Some individuals receive payments from both programs.